Drop In Fdi In Local Building Sector Foreseen

Foreign investments in the sphere of real estates and construction will decrease, the chairman of Bulgarian Chamber of Commerce Bojidar Danev prognosticates.

A panting of local property market exists already, he said. According the Chamber's data there are 20,000 unsold apartments, and on the seaside the number is 200,000.

For those apartments exist obligations and if they are nit sold we may expect series of bankrupts.

Danev also commented that speculative trade with real estates hides actual threat for the state's economy.

For avoiding the building collapse the Chamber's chairperson suggested to be made an attempt for the business to go ‘on the daylight'.

Equalization of tax values with the market ones and parallel decrease of the tax stake, analysis of the financial streams in the bank sectors and comparing of the reported quantities of invested materials with paid delivery notes are among the measures suggested by Bulgarian Chamber of Commerce.international.ibox.bg