Technology, tourism and agriculture are among the most attractive sectors in Bulgaria for foreign investors, according to a Deloitte and Touche report. Other sectors with potential include transport and logistics, agricultural products processing and mining. Bulgaria's main advantage is macro-economic stability. In the past five years, the country registered significant economic growth. What makes the country most attractive for investors, however, is the upcoming EU membership. Bulgaria's geographic location between the East and the West is also attractive for foreign investors, Standart newspaper reported.
The report also points out some of the country's shortcomings. Among the major weaknesses are the underdeveloped infrastructure and limited market. The conclusion reached after analysing the strengths and weaknesses shows that investors should target limited market spheres, where consumption is certain. Deloitte and Touche experts recommend Bulgaria attract more investment in the spheres of energy, transportation and infrastructure in the short-term. The biggest potential for development lies within the IT sector and outsourcing activities, due to the liberalised communications market, access to qualified personnel and low production expenses compared to other European countries.