





Bulgaria: Mobsters scare foreign investors away to Romania
Economic analysts and players on the market, quoted in the article, sustain that the situation in Bulgaria is very tense. All actors on the market underline the lack of institutional reforms, especially after entering the European Union.
Another characteristic of the Bulgarian corruption is the entanglement between politics and organized crime. In Romania, a diplomat argues, this issue is not a real problem. Sources argue that links between magistrates and organized crime heads are intertwined with former KGB officers, according to Reuters.
Eurasia Group analyst Jon Levy says that the situation is serious for investors. He adds that this explains the low foreign direct investments in Bulgaria as compared to other East European countries including Romania. Currently, corruption has become a major issue in Bulgaria.