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Bulgaria 'making progress'

The continued progress of Bulgaria in areas such as crime is also helping to improve the country's reputation and increase the number of people looking to visit the country. As its tourism continues to grow – and it is anticipated that the number of people entering the country over the coming few years will grow significantly once it becomes an EU member state – the opportunities for property investors are set to boom.

And as the country continues its progression towards entry in to the European Union, it is also aiming to develop its tourist economy. According to Bulgarian news agency BTA, the Bulgarian government has recognised that there is now a need to bolster interest in the country with travellers and to boost the country's image abroad.

Therefore, a recent summit of interested parties concluded that, although investor interest is currently high, without a strong tourist base that demand from investors will quickly drop off. It was agreed that international promotion of Bulgaria as a top tourist resort is needed and this consensus also brought offers of help from the private sector. Private companies involved in the talks stated that they are ready to help the country realise its potential by pushing it onto the world stage and helping devise strategies and advertising campaigns which would benefit the national economy by enticing more visitors to Bulgaria.

Ski and seaside tourism have already been two areas which have proved highly successful for Bulgaria and the country is now aiming to build on this reputation in these areas as well as expanding into new sectors, such as cultural and alternative tourism.