Bulgarian economy boosted by service sector

Article Date : 24 September 2007

Bulgaria's popularity as a holiday destination has become a key driver of economic growth in the country, new figures have shown.

According to the country's National Statistics Institute, the service sector has expanded by 8.8 per cent in the last year, reports the Sofia Echo.

This has largely come about as a result of the emergence of Bulgaria as a highly popular tourist destination, as it has led to the creation of new jobs and business opportunities across the country.

Figures showed that Bulgaria's gross domestic product (GDP) for the first half of this year was 6.4 per cent higher than at the same time in 2006.

The increased GDP, which was placed at 24.5 billion Bulgarian leva (£8.8 billion), could be welcome news for overseas property investors, as growing tourism has encouraged many to invest in rental accommodation in the country.

Recently, investors were advised by Property Secrets to consider buying in the Bulgarian capital Sofia, as it had millions of potential tenants on hand all year round.

Bulgarian economy boosted by service sector

Like this? Then share with your friends and colleagues!

Related Articles

Let Us find Property in Bulgaria for You

Subscribe to This Feed

Property News in Bulgaria

Property News Search

News Archives