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WHY BULGARIA

Strategic and geopolitical location
  • Member of  the European Union, NATO, IMF, WTO;
  • “Made in the EU” commercial label;
  • Not only nearshoring but a friendlyshoring destination;
  • 5 international road corridors pass through the country;
  • Access to 1,3 Billion customers – Europe & Middle East;
  • Pending access to the Schengen area;
  • Pending accession to the Eurozone.
Macroeconomic stability and constant growth
  • 1,6 GDP growth (Q4 2023)
  • € 3,37 Bn Increase of 28% FDI (Jan-Dec 2023)
  • 21,6% Government debt to GDP ratio (2023)
  • 4,2% Unemployment rate (Q4 2023)
  • Currency stability – the Bulgarian lev is pegged at a fixed rate against the euro: EUR 1=BGN 1,95583;
  • Free export to the EU;
  • Attractive taxation system – 10% flat rate of Corporate and Personal Income Tax; 5% Withholding tax rate;
  • Competitive operating costs – resilient electricity and gas supply at one of the most competitive prices in the EU; favorable office rents and low cost of utilities.
Fast growing technology and innovation hub
  • Initiative for making Southeast Europe an innovation hub
  • Favorable conditions for startups and investing in R&D
  • Aim to attract talents, encourage partnerships, build smart specialization and technological capacity
  • Establishing partnership agreements with all the countries in the SEE region
  • Cooperation can be based around smart specialization thematic areas and trends such as IT and ICT, mechatronics and microelectronics, biotech and clean techs
Talent
  • One of the strongest engineering talent pools in the EU;
  • Strong local IT talent – Bulgaria ranks 3rd in terms of IT specialists per capita;
  • Capacity to think out of the box
  • Women in leading management positions;
  • 50% speak at least one foreign language;
  • 25% of the population hold university degree;
  • 100 000 students per year;
  • Bulgarian Olympiads are at the top of the world rankings in mathematics, informatics and physics;
  • Labor force – 3,3 million people.
Quality of life
  • Security of living in Bulgaria;
  • Good international schools;
  • Private and public healthcare;
  • Active cultural life;
  • Fervent international community;
  • Friendly people open to foreigners;
  • Rich historic and cultural heritage;
  • Beautiful nature – mountains, seaside and plains with continental climate and;
  • Winter, summer, spa, cultural, religious and medical tourism.

FASTEST GROWING SECTORS

Automotive

IT & BPO

Electronics

Robotics & Mechatronics

Health & Life Science

Manufacturing Industry

Schnider

„Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae.“