Some $1bn was invested in Bulgaria's textile sector over the 1992-2000 period. Fifty per cent of the overall foreign investments came through privatisation, while the rest were invested in constructing new facilities and setting up new companies, it emerged at a seminar - Textile Sector - Prospects and Possibilities - held last week.

Foreign investors currently count mostly on green-field investments in Bulgaria, thus avoiding problems with obsolete technologies and planning schemes. Investors like Bulgaria because of the cheap labour force and the well-developed textile sector speakers at the seminar said.