19th March 2009
Bulgaria's economy is set to be one of the strongest in central and eastern Europe and grow by one per cent over the course of 2009, it has been predicted.

Following on from last year's six per cent economic growth, which highlighted the country's potential as an investment destination, the International Monetary Fund (IMF) has now revealed that it expects the trend to stay positive this year despite the global situation.

The report noted that, should the government take certain steps such as reining in inflated wages and cutting back on public spending, the economic future could be bright for Bulgaria, particularly when compared to some of its European neighbours.

In comparison, however, the Bulgarian government has set a more ambitious target of 4.7 per cent for general economic growth in 2009, though finance minister Plamen Oresharski recently hinted that this may be a little too optimistic given the larger picture, the Sofia Echo has reported.

At the start of this month, top publication Write About Property placed Bulgaria as the second-best overseas property destination in the whole world, with Dubai taking fourth spot.



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