Bulgaria opens challenging windows of opportunities whose accent is mainly placed on foreign investments. The most obvious results could be recognized in terms of tourism. In 2005 the country expects more than 4,6 million tourists and is supposed to generate a revenue of $ 2 billion, according to the Ministry of Finance. In the past three years developers have invested more than $250 million only in the resorts in the southern part of the Black Sea Coast. In 2004 4.6 million foreigners spent their holiday in Bulgaria and accumulated a revenue hitting over 1,75 Billion EUR. A 5% increase in the number of tourists is expected this year. In the same context, Bulgaria is a party under 55 treaties for avoiding double taxation and 52 agreements on mutual protection of foreign investments. Another encouraging fact is the adopted policy of reducing the corporate tax of 19.5% in 2004 to 15% in 2005 and 0% in areas of high unemployment. Bulgaria further enjoys one of the most stable and predictable business and political environment in South-East Europe.
