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1. Investment climate in Bulgaria
Forecasts (Source: Head directorate for economic and financial issues at the European commission)
·Actual growth of the GNP: from 4.5% for 2003 to 5.0% for 2004
·Inflation from 4.5% at the end of 2003 to 4.0% at the end of 2004
·Employment growth from 1.5% for 2003 to 2.0% for 2004
·Deficit by GNP current account from 5.0% for 2003 to 4.4% for 2004.
"Дефицит по текущата сметка от 5.0% от БВП за 2003 и 4.4% за 2004 г.


Indexes 2003 2004
Gross National Product (GNP), actual growth 4.5% 5.0%
Private consumption 4.0% 4.5%
Public consumption 3.0% 3.0%
Investments in basic capital 9.0% 11.0%
Export of goods and services 6.5% 7.4%
Import of goods and services 6.3% 7.0%
Inflation 4.5% 4.0%
Employment 1.5% 2.0%
Budget deficit -0.6% -0.5%
Current account of Gross product -5.0% -4.4%

At the beginning of April 2002 the Head directorate for economic and financial issues at the European commission presented their forecast for the development of the candidate-members of the European Union.
According to the forecast of the commission, the Bulgarian economy will enhance its development and the gross national product will increase with 4.5% in 2003 and with 5.0% in 2004. Reason for this positive forecast is the stable domestic demand (including high growth of investments in economy and growing private consumption). The improving domestic environment will also contribute to this growth.
The trade deficit will probably slightly increase in 2003 due to the raised prices of petrol and slower development of European economy. International investments, however, will grow both as a result of pending privatization deals and due to the measures for the improvement of business climate in a long-term perspective.

2. District Centers and Inhabitants

District
centers
Inhabitants
District
 District centers
Sofia   1 173 988
Plovdiv 715 904 338 302
Varna 462 218 320 668
Burgas 423 608 209 479
Russe 266 213 178 435
Stara Zagora 370 665 167 708
Pleven 312 018 149 174
Sliven 218 474 136 148
Pazardjik 310 741 127 918
Pernik 149 856 104 626
Shoumen 204 395 104 473
Dobrich 2 152 321 100 000
Haskovo 277 483 99 181
Veliko Tarnovo 293 294 90 504
Vratza 243 039 85 218
Jambol 156 080 82 656
Blagoevgrad 341 245 78 175
Vidin 130 094 77 500
Gabrovo 144 150 74 949
Kustendil 162 622 70 607
Kardjali 164 019 69 830
Lovech 169 951 62 162
Silistra 142 003 61 942
Montana 182 267 61 430
Targoviste 137 689 60 890
Razgrad 152 417 58 874
Smolian 140 067 47 231


3 .Acquisition of ownership right over real estate by foreign entities

1.The companies of international participation, registered in Bulgaria (regardless of the share of international participation) may acquire ownership right over buildings, land and limited substantive right over real estate (right to use, building right, right to superstructure, extension and servitude).
2.If the international entity is:
a.A legal entity, which is not registered in Bulgaria
b.A company, which is not a legal entity and is registered abroad;
c.A physical entity, a foreign national,
Such entity may acquire ownership right over buildings and limited substantive right over real estate.
The above-mentioned international entities, including through their branch- or sole trader companies registered in Bulgaria, may not acquire ownership over land.
3.The companies of international participation registered in Bulgaria and the international entities mentioned in the foregoing I. 2, need to obtain the permission of the Bulgarian Council of Ministers in order to acquire ownership right and other substantive rights over real estate in frontier areas and other national-security related territories.
4.The rents of the real estate in Bulgaria are freely negotiated between the parties.

4.The Law for the International Investors
www.paragraf22.com/pravo/zakoni-d/229.htm

5 .Preferences for International Investments and Their Protection

www.bcci.bg/bulgarian/law/basic.htm


6.Agency for International Investments
www.bfia.org


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