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Why invest in Bulgaria
Date:2017-04-27    Views:317

ABOUT BULGARIA

Bulgaria is a small country with ancient culture, scenic beauty, friendly people, hospitality and warmth. Located in South Central Europe, it occupies the central part of Balkan Peninsula. 
Bulgaria shares a border with Turkey and Greece to the South, Macedonia and Serbia to the West, Romania to the North and the Black Sea to the East.

Geography Area: 110,994 sq. km.

Major cities: Capital - Sofia (1.2 million). Others - Plovdiv (about 500,000), Varna (about 400,000).

Terrain: Bulgaria is located in South Central Europe. The terrain is varied, containing large mountainous areas, fertile valleys, plains and a coastline along the Black Sea. Bulgaria shares a border with Turkey and Greece to the south, Macedonia and Yugoslavia to the west, Romania to the north and the Black Sea to the east.

Climate: Continental - mild/hot summers and cold, snowy winters.

Demographics Population (July 2006 est.): 7,670,495.

Language: Bulgarian (official); A lot of young Bulgarians speak English.

Time GMT: + 2. Bulgaria follows daylight saving time in summer.

Currency: Bulgarian Lev (plural Leva) Abbreviation: BGNL. 1 euro = 1.95583 levs - Credit cards are not widely accepted except in larger hotels and restaurants that cater to foreign tourists. ATMs are widespread and take major cards.

Tourism is one of the key sectors in Bulgaria: Due to the excellent geographical location, remarkably rich nature, variable relief and moderate continental climate. During the last three years Bulgarian tourism has been advancing progressively.

Rila, Pirin, the Rhodopes, Vitosha and the Balkan Mountains offer wonderful opportunities: for skiing and mountain tourism. The international resorts of Pamporovo, Borovets and Bansko allows one to enjoy some of the best skiing in Europe - with snow from Christmas to Easter.

Bulgaria has more than 600 hot, warm and cold mineral springs: of varied physical and chemical contents, mineralization, curative gases, biologically active trace elements, temperature and curative properties that create excellent conditions for development of balneology tourism. A number of hotels with state-of-the-art equipment and skilled staff offer talasso-therapy, pearl baths, underwater massage, phyto-therapy, curative mud, inhalations, manual therapy, paraffin treatment, acupuncture, helio-prophylaxis, ozone and oxygen therapy, slimming procedures, balneo-cosmetics, etc.
Bulgaria has over 30.000 historical monuments from different historical epochs, 36 culture reserves, 330 museums and galleries all of which form an impressive base for the development of cultural tourism.


WHY INVEST IN BULGARIA

Macroeconomic stability:

  • Political and economic stability
  • Sustained GDP growth of 4.7-4.9 % per year
  • NATO membership achieved in 2004
  • EU membership achieved on 1 January 2007
  • Very competitive labor cost compared to the rest of Europe
  • Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
  • Well educated, highly trained English speaking workforce
  • Strategic geographic location
  • Full national treatment of foreign investment

Top tourist destination:

  • Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
  • 22% average annual growth of tourist arrivals for 2004 – 2006
  • 43% year-on-year increase in British tourists for 2003
  • Well developed and constantly improving summer resorts
  • Excellent skiing opportunities with guaranteed winter snowfall
  • Unbeatable prices guaranteeing best value for money holidays
  • 1600 thermal mineral water springs
  • Rich historical and cultural heritage
  • Easy access from Europe

Booming real estate sector:

  • 25% price growth in the last 12 months
  • Still lowest real estate prices in Europe
  • Strong year round corporate letting market in Sofia
  • Dramatic increase in demand for quality accommodation at Bulgarian resorts
  • Strong drive for property purchase from Bulgarians living abroad
  • Bulgaria on the agenda of top European real estate investment funds

RoRone office chair looking for agent in Bulgaria, the economic growing fast there

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