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Bulgaria invited to join EU on Jan 1st 2007
After 7 years of negotiation it was announced today that Bulgaria will be accepted into the EU on 1st January 2007. This in turn will lead to many billions of Euros of EU money being invested into the countries with the main benefactors being infrastructure and farming.
Forget the hype, look at the facts
GDP is growing at more than 6% per annum and set to continue
Tourism increased by 5% in 1st half of 2006 increasing to 2.8million tourists, UK tourists increased by over 20%
E6 Billion to be spent on infrastructure with an additional E2 Billion on motorways, 720 km of new roads are planned.
World leading companies such as Microsoft, Google, Hewlett Packard and Deutsche bank are now setting up in Bulgaria.
Unemployment is less than 8.7% and tumbling from 10.77% in Aug 05, this trend is set to continue.
Inflation is under control at 6.8%
All in all the economic future looks bright for Bulgaria and this will continue to boost the property market.
Click here for a link to Sofia News Agency confirming the good news |
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