"Bulgaria's Unused EU Funds Palatable for Turkish Investors
2005-09-20
Turkish investors are aiming towards the EU funds allocated to the areas of meat, dairy and wine production that Bulgaria still hasn't utilized.
These funds are suitable for acquiring credits, the Turkish newspaper Referans claims in an extensive article, and Bulgaria provides terrains and tax relieves. Even more lucrative is the right for the Turkish goods to carry the label Made in EU upon Bulgaria's accession in 2007.
A lot of business sectors in Bulgaria, mainly in agriculture, offer opportunities for cooperation and co-production, Bulgarian National Radio reported, quoting a co-chairman of the Turkish-Bulgarian Business Council (TBBC). The Turkish investors could acquire the funds left unused for infrastructure and agriculture through collaboration with Bulgaria or through direct investments, the Turkish official said."
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