After 7 years of negotiation it has been announced that Bulgaria and Romania will be accpeted into the EU on 1st January 2007. This in turn will lead to many billions of Euros of EU money being invested into the countries with the main benefactors being infrastructure and farming.

Key Facts

• GDP is growing at more than 6% per annum and looks set to continue
• Tourism increased by 5% in 1st half of 2006 increasing to 2.8million tourists, UK tourists increased by over 20%
• E6 Billion to be spent on infrastructure with an additional E2 Billion on motorways, 720 km of new roads are planned.
• World leading companies such as Microsoft, Google, Hewlett Packard and Deutsche bank are now setting up in Bulgaria.
• Unemployment is less than 8.7% falling from 10.77% in Aug 05, this trend is set to continue.
• Inflation is under control at 6.8%

All in all the economic future looks bright for Bulgaria and this in turn should continue to boost the property market.