Us boost for bulgaria

Despite the ongoing global downturn, US Investment in Bulgaria is set to soar over the next year...

Bulgaria's Economy Minister Petar Dimitrov announced this week that the country expected $1bn worth of investments from two American companies in 2009.

Mr Dimitrov commented: "Bulgaria expects investments of US 1 B in two projects of US companies this year. This is quite important in times of a world financial crisis".

Minister Dimitrov will have a meeting with a team of General Electric that are ready to invest EUR 800 M in a wind farm in Bulgaria. Energy company AES is also willing to invest EUR 240 M.

Mr Dimitrov added: "The Bulgarian media do not want to believe me, but according to a report of the United Nations Committee on Trade and Development, Bulgaria occupies second place in the world in terms of favourable investment climate after Hong Kong".

Minister Dimitrov also said he expected a deal for cigarette producer Bulgartabac by the summer.

Source: www.novinite.com