With a population of more than 7 million and an area of more than 110,000 square kilometers, Bulgaria is recognized as a medium-sized European country. Bulgaria, like many of its eastern European neighbors, has large forested areas across its territory. In addition, forests cover more than 4 million hectares or 37 percent of the total national […]
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Bulgarian startups are developing solutions according to the latest global technological trends and almost half of them (47%) offer world-class innovation, according to data from the fourth annual InnovationShip report of the MOVE.BG Foundation’s open digital network EDIT. Compared to the previous year’s survey, there is an 18% increase in companies that believe they are […]
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For the ninth consecutive year, Bulgaria ranks first among EU countries in the production of herbs and spices. According to Eurostat data, just over 71,000 tons of aromatic and medicinal plants and spices were harvested in the country in 2018. The harvest of the second in the ranking, Poland, is nearly twice as small – […]
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A Swedish-Swiss concern for the manufacture of electrification products and industrial automation continues developing its business in Bulgaria and opened a new factory in the town of Petrich (Southwest Bulgaria). The company opened its second factory in this Bulgarian town. The new production facility is expected to create 420 new job positions by the end […]
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German auto parts manufacturer VOSS Automotive has officially opened its first factory in Bulgaria. The site is located in the Bahovitsa Industrial Park near Lovech and has been operating since May. The jobs created so far are 100, but by the end of next year their number is expected to increase to 900. Investments in […]
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A Consortium of European and Asian companies is planning to build a factory for electric vehicles in Bulgaria. A memorandum of intentions for construction of this factory was signed in the presence of Bulgaria’s Deputy Premier for Economic and Demographic Policy Mariana Nikolova. The document was signed by the Executive Director of InvestBulgaria Agency […]
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Bulgaria export overview Bloomberg has ranked Bulgaria as the sixth best country for doing business in eastern Europe and central Asia. The World Bank rates Bulgaria 38th for ease of doing business. A T Kearney ranks Bulgaria as number one in Europe and ninth globally as an outsourcing destination. Contact BG Advise for a free consultation if you’re interested in […]
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While Belgium is one of the highest taxation countries around the world, the West European country continues to increase its citizen’s tax burden. Taxes of 47% of its Gross Domestic Product (GDP) were raised in Belgium in 2017. The figure in 2018 was 47.2%. Belgium has a high-tax silver medal in the EU. France took the […]
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Economy Minister Emil Karanikolov and Dr. Carsten Bittner, a member of the Board of Group Technology Foundations Commerzbank AG discussed the bank’s intentions to open an IT Hub in Sofia. During the meeting, the bank’s investment plan was presented and, according to Dr. Bittner, 400 jobs will be initially created for highly qualified IT professionals, with the tendency to […]
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Economist Galina Kolev: Bulgaria’s economy is very attractive with its orientation towards new technologies Photo: iwkoeln.de
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