Rakovski , Bulgaria ( CNN ) -- Greece 's economic problems may be having a negative impact across much of Europe , but one country could be benefiting from its troubles . Greek investors are said to be jumping across their neighboring border to Bulgaria , money in hand . `` It 's a very sad reason but it is happening actually , '' says Georgy Ganev , an economist from the Center for Liberal Strategies . `` Even some Greeks are transferring their monetary balances from Greece to Bulgaria -- obviously hedging the risk for Greece leaving the eurozone . '' Leaving the eurozone is the solution to Greece 's troubles , according to markets analyst Louise Cooper , from BGC Partners . `` Greece has to exit the Euro , it has to get competitive , has to devalue currency and then almost needs a Marshall Plan , '' she says . `` Austerity has destroyed the country . '' Tough measures brought in to rescue the Greek economy have seen a massive drop in the standard of living , and it 's brought pressure on the interim government . Whoever wins the national elections on May 6 , the government needs to impose more austerity measures -- worth 5.5 % of GDP , or $ 14.4 billion , plus a further $ 4 billion in taxes -- conditions of the EU/IMF bailout that is keeping Greece from going bust . Greek businesses are now looking at Bulgaria , to take advantage of its lower taxes and wages -- and to be more competitive . Staff Jeans is one Greek company that is making the move . Part of its production is already carried out in Bulgaria but after sales in its home country plummeted by 40 % last year , it is now looking at moving all of its manufacturing across the border . `` What is happening in Greece right now is a tragedy , '' says Joseph Komninakidis from Staff Jeans . `` We are losing a lot of revenue and at the same time have large costs bringing our products back and forth between Bulgaria and Greece . '' He says his company needs to reduce these costs to be more competitive in Europe . It 's not just business that is shifting , but also private investors . Real estate brokers have noticed an influx of Greek buyers . `` It is not so far to travel for them , '' explains Boyko Boykov from B & H Real Estate . `` It 's because of the prices and because of the location . ''
Greek investors moving across the border to Bulgaria . Businesses and private investors looking to Bulgaria because of lower taxes and wages . Tough austerity measures in Greece have brought pressure on the interim government .