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Tourism sector 'boosts Bulgarian economy'

Tourism sector 'boosts Bulgarian economy'

The continuing popularity of Bulgaria as a holiday destination has helped boost the country's economy, according to new figures.

Data from the National Statistics Institute showed that during the first six months of the year, the country's gross domestic product (GDP) was 24.5 billion Bulgarian leva (£8.8 billion).

This is 6.4 per cent higher than the GDP recorded for the first half of last year, the Sofia Echo stated.

The publication attributed the increase to the growth of the service sector, which has come in response to Bulgaria's emergence as a popular holiday location for European tourists.

In addition, the country has become an appealing option for overseas property investors, many of whom are drawn by the potential for capital growth in an emerging market.

Last week, the Sofia Echo quoted bosses at the Zlatni Pyasatsi resort as saying that the country was proving to be appealing destination to people of various nationalities, such as Germans, Britons and Russians.

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