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General data Bulgaria

Official name:Republic of Bulgaria (Republika Bulgaria)
Area:110 879 km2
Capital (and largest city):Sofia
Population:7,4 Mio.
Urbanization:71%
Literacy rate, adult total:98,2% (% of people ages 15 and above)
Currency:Bulgarian Lev - 1 EUR = 1.95557 BGN (as of September, 2011)
Boundaries:Greece, Macedonia, Romania, Serbia, Turkey
Main towns:
(inhabitants)
Inhabitants in major towns of Bulgaria
Membership:European Union, NATO, the United Nations, the Council of Europe, the World Trade Organization, OSCE, Black Sea Economic Cooperation Organization
Natural resources:bauxite, copper, lead, zinc, bismuth, manganese, rock-salt, gypsum, kaolin and marble. Smaller deposits of iron, gold, silver, uranium, chromite, nickel


Economic Profile Bulgaria

GDP:73, 9029 billion EUR (2010)
Average salary:342 EUR per month (2010)
Taxes:flat tax 10%
GDP composition:GDP composition
Top export products:Top export products
Top export partners:Top export partners
Doing Business 2011:Rank: 51, Change in Rank: -7


Bulgaria’s macroeconomic development

Find out more information about Bulgaria’s macroeconomic development. Please download the PDF file Bulgaria’s macroeconomic development (PDF document 0.29 MB) and find more reasons why to invest in Bulgaria


Why to invest in Bulgaria

Bulgaria


Republika Bulgaria



Did you know… ?


…in 1980s Bulgaria became known as the Silicon Valley of the Eastern Bloc, due to its large-scale computing exports. In 2002 the country ranked 8th in the world by total number of ICT specialists.


4 good reasons to

invest in Bulgaria


Strategic position: Bulgaria occupies a very unique and strategically important geographic position. The country has served as a major crossroad between Europe, Asia and Africa since ancient times. Five of the ten Trans-European corridors run through the territory of Bulgaria.

No tax heaven – but an appealing tax level: With its 10% corporate tax rate, a 2- year VAT exemption on equipment imports for investment projects over EUR 5 million and the treaties for avoidance of double taxation with 63 countries, Bulgaria is currently one of the most attractive EU countries in terms of taxation.

Low labor and operational costs: Bulgaria’s working-age population consists of ca. 4.8 million people. Many Bulgarians have strong backgrounds in engineering, medicine, economics and the sciences, but the vast majority has secondary, technical, or vocational education. Low labor costs and well as lowest operational costs among EU countries are considerable incentives for foreign companies to invest in Bulgaria and develop their business there.

Attractive assets: Catching up from a low level Bulgaria can be considered today as inexpensive. Therefore, investors can still find outstanding values on the market and – without doubt – business opportunities are plentiful.