DYNAMICS OF THE INVESTMENT PROCESS IN HOTEL AND RESTAURANT BUSINESS IN BULGARIA

DYNAMICS OF THE INVESTMENT PROCESS IN HOTEL AND RESTAURANT BUSINESS IN BULGARIA

RAYA MADGEROVA
VIARA KYUROVA

Abstract

Basic issue of the exploitation of the tourist sector of the economy of every country is increasing its competitiveness in the conditions of accelerating competition in the sector.The sphere of the tourism has a range of components, which are being developed in the only enterprises, but one of the most crucial is the investment activity on the economy entities therefore. The purpose of the present article is to explore and analyze the development of the investing process in the hotel and restaurant business in Bulgaria. In connection with this is made an analysis of statistical data for the period of 1995 to 2005 is made hereby. A research is made of the dynamics of the acquired material durable assets and the expenses for acquiring them in quality equivalent and the condition and the dynamics of the material base in the hotel and restaurant business in material equivalent. For the needs of the research are calculated such statistic characteristics, as an absolute growth and rate of growth and are determined the average rates of growthof the material durable assets in the hotel and restaurant business. The survey and the analysis of the dynamics of the investing procedure show that increasing the efficiency to using the resources for getting material durable assets in the hotel and steakhouse business is needed. For having a visionover the development of the material base, servicing carrying the tourists and helping, of greatest degree the development of the tourist branch, think for the sector of the public feeding to be watched formally correctly.

Key words

Dynamics, Investment process, Hotel business, Restaurant business, Analyzes

References

Dimitrov, Pr.,Investment process in hoteliers’ business, Economics and management,
No3, 2005, p. 83-84

Dimitrov, Pr.,Management the intellectual capital in tourism, Sofia, 2006, p. 23

Shishmanova, Pr.,The utilities sector and restructuring the Bulgarian economy, Sofia, 2003

Statistic Yearbooks of Bulgaria, National Statistic Institute, 1997

Statistic Yearbooks of Bulgaria, National Statistic Institute, 2001

Statistic Yearbooks of Bulgaria, National Statistic Institute, 2005

Tourism, National Statistic Institute, 2005, Sofia, 2006

http://www.catalog.bg/

http://www.mzgar.government.bg/

http://www.nsi.bg/Investment/

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