РУАЭСТ (RUAEST)
Some Features of the Investment Process and International Investment Projects in the Conditions of Bulgarian Economy and Politics
The focus is on the analysis of data on FDI in Bulgaria during the period 1998-2013, and the issues related to characteristics of the host country and relative advantages of the allocation of the business activity of foreign investors in Bulgaria The historical transition that Bulgaria made from a planned to a market economy provides a rich research material of the impact of the risk on the national development of the investment process and in particular, the dynamics of foreign direct investment. Trends were examined about the foreign direct investment during the period 1999 – 2013, based on the ofёcial data from the Bulgarian National Bank (BNB), UNCTAD and the Bulgarian Investment Agency. The analysis revealed three main periods, ёrst from 1999 to 2003, from 2004 to 2007 and the third – from 2008 to 2013, characterized by a sharp decrease in the яow of foreign investments. The low level of FDI in the period before accession to the EU and NATO is a result of the high national risk in all its aspects – political, economic, ёnancial and cultural. The signiёcant growth of FDI in the period 2005-08 was due to the overall condition of the economic cycle, the internal and external political, economic and ёnancial stability.