18th June 2008
Bulgaria's prime minister Sergey Stanishev has pledged to improve conditions for investors in the country in a bid to attract more investment, reports the Sofia Echo.

On a visit to the US, the premier lauded his government's work saying "what we have achieved is impressive, but our work has to continue, including alleviating the administrative obstacles facing business".

"Our state is one of the several EU members sustaining a considerable budget surplus of 3.1 per cent, which guarantees stability and security for investments," he added.

He defined the relationship between the two countries as 'strategic' and expressed his desire to see US investments in Bulgaria grow.

His trip has already secured a deal that may boost property investment in the country as Bulgarian air carriers get access to the United States.

And according to the Sofia News Agency, the president has also called on Bulgarians living in the US to consider returning to their motherland and invest in it.

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