Bulgarian Agency of Investments (BAI) announced the data of direct foreign investments in Bulgaria for the last year. According to BAI accounts the foreign investment in Bulgaria have reached 5.5 billion EUR, which means round 20% increase since 2006.

This is a good achievement, which shows enough thrust in Bulgarian economics to generate profits.

Some reforms of Bulgarian law-giving, though, was repeatedly delayed, such the trade register. Except that, starting business in Bulgaria is still a complicated and expensive process (investors are demanded a big number of procedures, expends of time and resources).

The realized results are not approved in big rate by BAI, because 60% of the investments are directed towards tourism and real estate, which presents 'alarming disbalance' and 'Government has to do anything possible to attract investments in producing'.

The motives of such opinion are the search of fast benefit in trade and services areas. In this reason the state support in 2008 will be for bank and softwear projects. Other priority areas will be industry, renewing energy resources, healthcare and education.

Though, in BAI opinion, the fixing of priority fields is wrong practice and have to be avoided. What the state have to do is to create good conditions for all investors and to leave the choice of particular business to themselves.

The state policy have to be directed towards improving of whole environment of business making. This means lower taxes, decreasing in the demanded permissions and licenses to starts business and better defense of the investors' rights.

Except that it is necessary to improve the quality of public services - administration, education and healthcare service.

If the Governors want to keep the established positive drift of the last few years, they have to launch actions towards expanding of economical freedom, which will bring benefits as in short terms, thus in longterm plan.
Source: News.bg