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.
INVESTORS GUIDE TO BULGARIA
FASTEST GROWING SECTORS
Automotive
IT & BPO
Electronics
Robotics & Mechatronics
Health & Life Science
Manufacturing Industry
InvestBulgaria Agency Services
Sucess stories: Schnider
“Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae.”
