Israeli investments in Bulgaria are much more than the official statistics. The majority of Israeli investments are made with Bulgarian partners and therefore they can not be detected as pure Israeli investments. That was commented with Mr. Avinoam Katrieli, President of the Binational Chamber of Commerce Bulgaria-Israel and Emil Magrisso, the Secretary General of the Chamber and manager of the project "Plana Heights" in "The World is Business" on Bloomberg TV Bulgaria. According to official statistics Israeli investments in Bulgaria are 250-300 million.

According to Katrieli preferred Israeli business sectors are "Real Estate, Centers for Shopping, Hotels, Medical Centers, IT-companies, and lately - Agriculture and Industry" and the sectors in which Bulgarian companies can easily enter with their products and services in Israel are Construction and IT.

As for the currently discussed project "Plana Heights" Katrieli said he plans to build 3-4 thousand houses located on 2000 decares and it will happen in stages. "The first stage will be completed within three years."

View the whole interview: here