→ Bulgaria is a member of the European Union, NATO and WTO.
→ The stability of the currency is supported by the currency board, pegging the Bulgarian lev to the euro at the level of 1.96.
→ Bulgaria has one of the lowest government debts in the European Union and one of the lowest budget deficits.
→ Bulgaria has the most favorable tax regime in Europe.
→ Corporate income tax rate is 10%, the lowest in the EU together with Cyprus.
→ Personal income tax is 10 %, flat rate Depreciation time for computers and new manufacturing equipment is 2 years 5% withholding tax on dividends and liquidation quotas (0% for EU tax residents).
→ Bulgaria has one of the most competitive costs of labor in Central and Eastern Europe.
→ Bulgarian cost of electricity for industrial users is 70% of the European average.
→ Located at the heart of the Balkans, Bulgaria is a strategic logistics hub. Ease of transportation of cargo is provided by Five Pan-European corridors ( IV, VII, VII, XI, X), which pass through the country
→ Transport program TRACECA, which connects Europe with Caucasian and Central Asian region
→ Four major airports: Sofia, Plovdiv, Bourgas and Varna
→ Numerous ports at the Danube River
Due to its location Bulgaria provides direct access to the following key markets:
→ European Union - zero tariff market with population of 500 million
→ CIS – still not well penetrated market with a high potential
→ Turkey - zero tariff market of near 80 million population
→ Middle East – a market with high purchasing power
→ Work force is well educated, highly skilled and multilingual
→ 62.2 % of the total population is in working age (appr. 4.6 million)
→ 60 000 students annually graduate from 51 universities
→ 98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian)
→ 94% of the schools have Internet access
→ 5 Motorways
→ 230 Railway stations with capability of loading/unloading cargo
→ 4 international airports
→ 2 major seaports on the Black Sea
→ 4 major river ports on the Danube
→ 60 industrial zones
"Bulgaria stands for a critical mass of highly-qualified, well educated professionals who bring together proven practical understanding of business with high-level theoretical skills to deliver efficient, cost -effective international solutions."
A. T. Kearney