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Bulgaria 'making progress'
Assetz News, 31st July 2006
A new report has revealed that Bulgaria is making good progress
towards meeting its required targets for entry into the European
Union.
Bulgaria is confident of accession into the EU in 2007 and despite
an earlier report insisting that some improvements would be needed,
the latest research from the EU has found that the country is
now making good progress. It had previously been stated that there
were a number of areas that Bulgaria needed to work on to guarantee
its accession and the latest report suggests that the country
is now well on its way to meeting those targets.
Franco Frattini, European justice, freedom and security commissioner,
has stated that Bulgaria is doing well in its attempts to improve
the battle against organised crime and fraud - two areas in which
the country had been ordered to improve. Mr Frattini is visiting
the country ahead of its expected accession next year and according
to the Sofia Echo, he has been impressed with the efforts he has
seen to improve the country.
The continued progress of Bulgaria in areas such as crime is
also helping to improve the country's reputation and increase
the number of people looking to visit the country. As its tourism
continues to grow - and it is anticipated that the number of people
entering the country over the coming few years will grow significantly
once it becomes an EU member state - the opportunities for property
investors are set to boom.
And as the country continues its progression towards entry in
to the European Union, it is also aiming to develop its tourist
economy. According to Bulgarian news agency BTA, the Bulgarian
government has recognised that there is now a need to bolster
interest in the country with travellers and to boost the country's
image abroad.
Therefore, a recent summit of interested parties concluded that,
although investment property interest is currently high, without a strong
tourist base that demand from investors will quickly drop off.
It was agreed that international promotion of Bulgaria as a top
tourist resort is needed and this consensus also brought offers
of help from the private sector. Private companies involved in
the talks stated that they are ready to help the country realise
its potential by pushing it onto the world stage and helping devise
strategies and advertising campaigns which would benefit the national
economy by enticing more visitors to Bulgaria.
Ski and seaside tourism have already been two areas which have
proved highly successful for Bulgaria and the country is now aiming
to build on this reputation in these areas as well as expanding
into new sectors, such as cultural and alternative tourism.
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