Albena - Solid company on a soft patch - 3m 2014

Solid company on a soft patch

Tourism - one of the best performing sectors in Bulgaria’s economy. Preferential VAT rate – 9% compared to standard 20% for other activities. Foreign tourists and revenues for international tourism to increase gradually (CAGR of 3.6% and 5.4% in 2013-2017, respectively). Major profit drivers for Albena - shift in its strategy to higher profit margin services.