FINANCING ACTIVITIES IN TOURISM

Ognyana Stoichkova, Georgi Georgiev, Biser Krastev, Virzhiniya Zhelyazkova, Yakim Kitanov, Nikolina Mareva

Abstract


The research is dedicated to the little explored area, in particular the possible financing models for the development of the tourism in Bulgaria. The study focuses on enterprises concerned in tourism industry and related activities.

An overview of the situation of tourism in Bulgaria is made. Special accent is placed on providing opportunities for greater competitiveness of the industry. In addition to traditional factors that are favorable for development of tourism and for increase of its share in GDP attention is paid to different levels of education of personnel for tourism industry - secondary, vocational and higher education.

Besides the traditional forms of funding as state budget and bank loans, special attention is paid to EU funds and programs, as well as foreign sources of capital, governmental and non-governmental sources of funding for tourism activities.


Keywords


financing, tourism, competitiveness, bank loans, EU funds

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