In the past, the main industry sectors of Bulgaria were metallurgy, machine
manufacture, chemicals, and agriculture. Recently, however, the priority has
shifted to sectors like energy, tourism, transportation, IT and
telecommunications, food and beverage, pharmaceuticals, and textile and
clothing. In the last few years, the Government undertook measures to
restructure the energy sector. These measures aimed to:|
Priorities of the Government’s policy in transportation include:
Bulgaria is currently considered to be one of the world’s best property hotspots. According to the Knight Frank Global House Price Index Q1 2008, Bulgaria had the greatest annualized price growth of , at 31.5%. Despite signs that the property market in same areas is approaching saturation point, residential property prices continue to rise in Bulgaria. Sofia, the Bulgarian capital, offers excellent investment potential and, according to Ernst & Young’s report for 2008, investor confidence in Bulgaria is set to continue well into 2009.