Venture Capital - Pollia Ventures comment on Bulgaria’s Recent Growth

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 12, 2008 --

A spokesperson for the group has hinted that “Pollia Ventures” still holds interest in Eastern European investment, even in cases such as Bulgaria where a current account deficit is a growing worry, though this will be fully covered by an expected 6billion euro investment from foreign money houses. Moreover the Venture Capital leaders predict that lending is expected to slow during the next two months, as much as 50% has been predicted. This does not appear to worry “Pollia Ventures”, who see this not as a lack of consumer confidence but more as a previous surge in people obtaining new houses and vehicles, along with companies improving their production equipment to come in line with”EU” levels.

“Pollia Ventures” is well placed to figure in Bulgaria’s {$40 billion} economy with forth quarter growth driven by construction, tourism and investment to be in the region of 6.9%. Customer confidence has improved and economic trends for the next several months remain positive, as shown in assessments of general economic development and the financial state of the home owner.

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