Keywords: Bulgaria"Thomas Farthofer's Bawag P.S.K. Osteuropa Stock fund returned 40 percent annually the past three years investing in such Eastern European countries as Hungary and Poland. Now, he's shifting money to Romania, Croatia and Bulgaria."
"Investors such as Farthofer say economic growth in Romania, Croatia and Bulgaria is set to outpace former stars such as Hungary and Poland, which joined the European Union in May 2004. The EU, the world's largest trading bloc, is targeting membership for Romania and Bulgaria by 2007 and Croatia by 2009. Joining the EU would boost local economies and stock markets as trade barriers fall and travel restrictions are eased."
Source: Bloomberg
