Monday, September 24, 2007

Bulgaria and Romania rely on commerce, banking and real estate

24 September 2007 | FOCUS News Agency

Sofia. The National Bank of Romania has announced that EUR 3.4 billion were the direct foreign investments since the beginning of this year, which is 8.7% on a yearly basis, Dnevnik Daily reported. The investments in Bulgaria for the same period have been EUR 2.7 billion, which is an increase in comparison with the same period last year.

Bulgaria is 44th in the Economist Intelligence Unit’s chart for countries’ investment environment, while Romania is 48th. The key sectors for both countries’ economies are the banking sector, commerce, and real estate. UniCredit, DSK Bank, and Bulgarian-American Credit Bank dominate the banking sector in Bulgaria. They have a total of EUR 117.2 million net profits for the first six months of the year.

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