Saturday, March 29, 2008

Greek investments in Bulgaria soar since 2005

Probably because of its proximity and similar business mentality, Bulgaria is a natural point of interest to Greece. This interest has risen sharply since 2005 when Bulgaria’s accession to Nato and forthcoming EU membership started sounding investment security bells to Greek business.

In a sign of growing confidence in Bulgaria’s economic potential, Greece also set up the Hellenic Business Council in Bulgaria (NBCBG) in 2005. This private non-profit organisation, which aims to intensify Bulgarian-Greek business ties and investments, has on its board Greek-born CEOs running companies and financial institutions in Bulgaria and about 50 Greek-owned corporate members.

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