Bulgarian municipality of Kavarna has become an attractive centre for Bulgarian and foreign investors in the past four years with investments totalling 700 million, a municipal budget of 28.2 million leva and drop of unemployment to the record seven per cent.

The infrastructure of 60 per cent of the town has been renovated, Focus news agency reported.

Investors from 12 countries invested in the tourism and light industry. More than ten apartment complexes, vacation villages, three-star, four-star and five-star hotels, a golf complex and a golf course were in the process of construction.
Investor interest in building alternative energy facilities increased.

For the renovation of the water supply net along the coast 2.6 million leva was invested.
In September Kavarna would take into use the renovated water purification station, the repair of which had a price tag 1.5 million leva.

Kavarna municipality invested 13.3 million leva in road renovation with a total area of 332 000 sq m.