Italian Companies to Invest Up to €3bn in Bulgaria by 2020

Foreign direct investments (FDI) by Italian companies in Bulgaria will amount to €1-3bn in the next ten years, according to estimates of Confindustria Bulgaria, the Italian business association in Bulgaria. Currently there are 800 Italian businesses that are active in Bulgaria. Estimates of the expected Italian FDI in Bulgaria ranged within €1-3bn depend on three major factors: the dynamics of the real estate market, the ability of Italian companies to participate in the energy (including renewable energy) market in Bulgaria and the global economic development.

Source: Novite