Bulgaria economic environment stable, political risks high – French chamber of commerce

Bulgaria economic environment stable, political risks high – French chamber of commerce

 

By Clive Leviev – Sawyer – of The Sofia Globe

Bulgaria offered investors a stable economic environment, but with significant social and political risks, the first edition of a survey of members of the French-Bulgarian chamber of commerce (CCFB) showed.

About 69 per cent of the survey’s respondents said they expected the economic environment in the country to remain stable, with 14 per cent forecasting an improvement and 17 per cent saying it is likely to worsen.

However, when asked about the political environment, only three per cent said they expected an improvement, with 51 per cent saying it would remain stable and 46 per cent forecasting deterioration.

Social risks also remained high, with 34 per cent saying they expected the environment to worsen, 58 per cent saying it would remain stable and only eight per cent expecting an improvement.

Despite that, the respondents in the survey remain broadly optimistic about their business in Bulgaria – 88 per cent said that they expected their investments to develop positively or in a stable fashion.

However, asked about Bulgaria’s continued attractivity, opinions were split fairly evenly – 29 per cent saying it would improve, versus 32 per cent who expected it to decline and 39 per cent saying it would remain unchanged.

CCFB plans to hold such opinion surveys twice a year and hopes that its survey will improve communication with Bulgarian state institutions, as well as help promote Bulgaria to French businesses. About half of the CCFB’s 180 member participated in the survey, the chamber said.

 

(Polling agency MBMD director Mira Radeva and CCFB president Stéphane Delahaye. Photo: CCFB)