President Georgi Purvanov ordered the drafting of a strategy for the speeded economic development of Bulgaria by 2020.

According to the strategy, economic growth rate will reach six to seven per cent annually in the few years to come.

The strategy will be officially presented on June 15 together with the third annual economic report dedicated to social challenges and Bulgaria’s EU integration.

Bulgarian Academy of Sciences experts will work on the strategy.

The economy should guarantee unemployment of five per cent, 78.9 per cent economic activity and favourable conditions for Bulgarians working semi-legally abroad.

Inflow of foreign investment will reach three billion euro from 2009 to 2015.

The strategy also envisions higher volume of foreign funding, which is to exceed seven billion euro in 2009.