Despite the economic downturn more interesting opportunities for investors even Bulgaria can the economic crisis not evade, which has affected the whole world. Since the land on foreign direct investment is instructed, by them in recent years achieved an impressive economic growth, the crisis is hitting the Balkan State with full force. Bulgaria has, but especially after its accession to the European Union in early 2007 experienced a remarkable economic recovery. So, the gross national product grew according to the national statistics agency in 2005 to 6.2 percent, 6.3 percent in 2006 and 2007 to 6.2 percent. There are no final values for 2008, but is to be expected, because in the first three quarters values could be achieved by 7.0 percent, 7.1 percent and 6.8 percent with a similar level. In the fourth quarter, however, the global economic crisis is already bemerkber made. The crisis on the international financial markets meets Bulgaria especially hard, since the economic growth of the country to a was generated in large part through foreign direct investment.
Numerous projects in the tourism sector, but also in the industrial sector were carried out by foreign investors. The reluctance of Western investment banks affects directly investment in Bulgaria, especially the construction sector already complains of a lack of order. In addition, numerous private at camp – in particular from Great Britain and Ireland – residential real estate in Bulgaria for their own use or as an investment is purchased. This private conditioning are unsettled by the economic situation in their home countries and the corresponding media reports and remain as investors thus. Many also try again to sell your real estate in Bulgaria, resulting in further falling prices. But in the medium term Bulgaria will attract back foreign investors with its well-trained labor force, access to the EU area, and its political stability. The rising standard of living and improving infrastructure should individuals and attract the tourists so important to the economy.