Kostadin Djatev and Bulgarias Foreign Investment Agency

Bulgarias Foreign Investment Agency: The country, which is the EUs poorest member state, is keen to attract new types of foreign direct investment after its real estate bubble burst in 2009, according to Euro News. Kostadin Djatev, Deputy Executive Director of Bulgarias Foreign Investment Agency explained that there are several other strong attractions for investors and Dozens of foreign firms are setting up automotive component factories in Bulgaria. The cost of labour is a major attraction. The average hourly wage for workers in Bulgarian industry is just 3.4 euros per hour, the lowest rate in the EU. The average across the bloc is 24.60 euros per hour. (news.financializer.com). As reported in the news.