Мanufacturing and Еngineering industries, Bulgaria
The Bulgarian market provides a favorable environment for companies in terms of resource availability, macroeconomic stability and legal framework, operating in the various manufacturing and engineering sub-sectors. Traditionally, international and local FMCG producers (food, beverages, pharmaceutical, tobacco, cosmetics, etc.) have been and are showcasing their production units in Bulgaria very strongly.
What is manufactured in Bulgaria?
- World class batteries for submarines, yachts, trains, airplanes, helicopters, military applications
- High performance transformers for the needs of the electric power industry. Bulgarian manufactured power transformers are provided with the most advanced manufacturing and testing equipment
- High end energy saving sensors for various applications in different industries ranging from automotive through food and beverage production to agriculture equipment
- Top quality amplifiers and high frequency power products used in the radio communication sector
- Wide range of capacitor and capacitor banks used by electrical distribution utilities and large industrial power users
- Latest generation HVAC and climate control equipment used in modern high speed electric trains
- Semiconductors and semiconductor products used in medical, machine building and automotive manufacturing globally by companies such as BMW, GM, Mercedes
- Wire harnesses and cables for the automotive industry in France and Spain
- Top quality household and commercial refrigerators and freezers for the needs of the European market
- Printed Circuit Boards (PCBs) and microelectronic components for industrial applications used all over the world
- LED chips and LED lighting equipment according to the modern trends in the lighting industry
Ballasts and lighting equipment manufactured by the Bulgarian company Electrostart are used in the lighting of historic monuments in Peru, including the legendary “lost city of the Incas” Machu Picchu.
Siemens chose Bulgaria to build its Center for House Automation Systems and Conventional Energy Sources.
The Bulgarian ELKA 6521 was the first European electronic calculator. ELKA 6521 was among the most popular electronic calculators in Europe in the 1960s and 1970s. In 1975 Bulgaria exported more than 30 000 electronic calculators ELKA for Switzerland.
The Bulgarian born NASA engineer and scientist Peter Petroff invented the digital watch and the wireless heart monitor in the 1960s.
The first electronic computing machine was created by John Atanasoff, an American scientist of Bulgarian descent.
Yazaki Bulgaria is the leading supplier of electric wire harnesses for the automotive industries in France and Spain.
Submarine batteries weighing more than 300 tons are manufactured by the US company EnerSys in the Bulgarian city of Targovishte.
Bulgaria offers an incentive to make a business combining political and macroeconomic stability:
Stable parliamentary democracy, member of the European Union, NATO and WTO.
The currency of Bulgaria is set in accordance with a currency board arrangement. The currency board established in 1997 does not fluctuate – Bulgarian Lev is tied to EUR 1.95583.
The electrical engineering and electronics market in Bulgaria has been gradually developing since 2000. In Bulgaria, more than 75% of the electronics production is exported. The EU, Russia and CIS, USA, are the key markets for the production of Bulgarian electronics. Wire and cables account for 25% of total sector exports, followed by industrial batteries with 11% and electrical apparatuses with 8% of the export. In recent years, the export mix has shifted to more value-added products requiring greater technical expertise.
Many major international companies such as Siemens, Schneider Electric, Hyundai Heavy Industries, Liebherr, ABB have identified Bulgaria as their best destination in Eastern Europe. Many successful Bulgarian companies operate in this sector and offer competitive products throughout the world. The combination of local and multinational companies creates a unique environment in which productivity and innovation are thriving in electronics production.
Bulgaria provides professional and experienced workers for the needs of electrical and electronic engineering industry–from assembly personnel to highly qualified engineers. Industry personnel are available at the most competitive costs in Europe throughout the country. Together with companies in the sector, Bulgarian technical high schools and universities work to create qualified future workers.
Bulgaria is with the lowest tax rates in the EU, with a 10% corporate income tax rate and a 10% personal income tax.
Five big Trans-European corridors cross Bulgaria, which provide easy access to European and regional markets. In Bulgaria, two of the largest ports in the Black Sea are located, Varna and Burgas, both linked to trans-European Corridor VIII, connecting the Adriatic and the Black Sea.
Bulgaria provides well-developed infrastructural power and gas, while at the same time offering the lowest power and utility prices in Europe. There are twelve operating industrial zones and twenty-six others are under development; all of these are ideal for manufacturing enterprises.
With good macroeconomic and financial performance, Bulgaria has competitive advantages in the region.
Bulgaria has a long tradition in several mechanical engineering and industrial sectors. The country has established traditions in the manufacturing and construction of:
- heavy machinery;
- agricultural machinery;
- cutting machines and metal prossesing;
- equipment for the chemical industry;
- lifting equipment;
- machine tools;
- pumps, compressors and hydraulic cylinders;
- stainless steel products, metal structures;
- standard and non-standard equipment for the food industry;
- naval products;
- repair and maintenance of aircraft parts;
- ferrous and non-ferrous metals;
- weapons and ammunition;
- engine parts and accessories.
Many specialists trained at technical universities in the country and abroad, as well as skilled workers practice their highly professional skills as:
- machining parts, milling;
- cold plastic deformation,
- compression and folding,
- arc welding,
- laser cutting for the everyday
Bulgarian companies have been on the European and American markets for years manufacturing health, wellness, swimming pools and ventilation products.
The largest companies Montuped, Gammer, M + S Hydraulic, Ixetic, SKF, Latecoere, Shneider, Opel have invested with great confidence in Bulgaria.
Young professionals and engineers, for years, have been developing software for the largest banks in Switzerland, as well as for multinational companies around the world.