Pari Daily News Highlights



27 December 2007 | 07:40 | FOCUS News Agency



Bulgaria must be better choice for investors, not cheaper alternative

In the last year we've seen some significant improvements in the business environment in Bulgaria, US ambassador to Bulgaria John Beyrle told the Pari daily in an interview. He pointed out the signing of an agreement for avoiding double taxation and the removal of Bulgaria from the Special 301 Watch List of countries that have violated intellectual property rights and should undergo additional monitoring.
It's no longer enough for Bulgaria simply to be the cheaper alternative - now it also must be the better choice. And there are still too many obstacles that discourage US companies: a lack of transparency in procurement, bureaucracy, a slow-moving court system, Beyrle said.