Bulgaria is extremely competitive in attracting foreign investments, Confederation of the Employers and Industrialists in Bulgaria (CEIBG) co-chairman Ivo Prokopiev said, as quoted by Focus news agency.

The reduction of corporate tax by 10 per cent in Bulgaria would positively influence Bulgaria's ability to attract foreign investments, he said.

Bulagria also offered profitable interests and returns, as well as human resource.

The country would continue attracting investments because it could offer quality products and high return, rather than because it was "cheap", Prokopiev said.

Bulgaria is competitive in the field of agriculture land, transport infrastructure, tourism and property, Prokopiev said.