BULGARIA,
a land at the crossroads
LATEST REPORT
April 29th, 2002




 Bulgaria
The Gateway to Eastern Europe

The Gateway to Eastern Europe - Breaking the chains of the past -
Building the foundations
- Privatization speeding up - In search of the old fame -
Infrastructure investments
- Tourism - Telecommunications - Entering European markets -
Fruits of private initiative - International recognition - Future looks bright


Interview with

Mr. Ilian Vassilev
Foreign Investment Agency
(quotes)

  • In terms of market growth potential, we have the most dynamic market in Central and Eastern Europe because of the severity of last year crisis ; the rebanding stability of the economy is incredible within a relatively short period of time, and great dynamism speaks for optimism.

  • Considering investment or opportunities, the size of the market has become something less and less relevant because of the agreements with the EU, the NAFTA agreement, the co-lateral free trade agreement with Turkey which is again an opening for new markets.
  • The world of business works with perceptions but the world of successful business often in the success stories and big trading is of people with pioneering experience, of people who have a nature for discovering new markets and new countries. It is not so much that my country has been neglected so far. Some bad stories have already created some perception that something is wrong with the country. The important thing is that we are a part of a process of joining both the European and the US markets. Therefore, one can always decide not to invest in the country but a reasonable decision-making should include the process of initial research because that is where my country comes very strong. If people take the plane and come here they will decide to invest in the country. It really has a lot of things on a very competitive scale.


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    © World INvestment NEws, 1998.
    This is the electronic edition of the special country report on Bulgaria published in FORBES Magazine's
    November 30th issue.
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