Foreign tourist visits in Bulgaria up 1.6% y/y in Jan-Oct 2012.

By bne IntelliNews November 28, 2012
Growth in foreign tourist arrivals slowed to 3% y/y in October from 3.2% in September, statistics office data showed. In monthly terms, foreign tourist visits dropped 52%, in line with the seasonal pattern. Tourists from the EU visiting Bulgaria, which constituted 57% of all foreign tourists during the month, inched up 0.4% y/y. The number of tourists from other European countries rose by 8.5% y/y in October. Turkey and Russia were with the highest contribution to the positive result. Government expects some 5-8% more foreign tourists by year-end, mainly due to higher number of tourists from Russia and Ukraine (up by 15-20%). So far, however, the annual growth in foreign tourist arrivals is falling behind plans - it is some 1.6% towards the end of October. This sends less optimistic signals for the CA, which relies to a large extent on tourism revenue to offset the trade gap.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss