Bulgaria – an attractive destination for foreign investments
Economist Galina Kolev: Bulgaria’s economy is very attractive with its orientation towards new technologies Photo: iwkoeln.de
Read more Bulgaria – the Silicon Valley of the EU?
Bulgaria – the Silicon Valley of the EU? The Bulgarian government undertakes to “clean” the image of this country, which is presented as the poorest and most corrupt member state of the EU. The measures include programmes aimed at assisting businesses, attracting investments, creating a favorable economic and investment environment. The growth of the Bulgarian economy has […]
Read moreA Recipe for Prosperity
How the Asarel-Medet mining company has become an important factor in making the municipality of Panagyurishte an attractive place for living. Small settlements have a great potential for development, too. Even in the 21st century in Bulgaria, Panagyurishte has its own recipe for prosperity and does not hide it. One of the advantages of […]
Read moreМanufacturing and Еngineering industries, Bulgaria
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 […]
Read moreOrganic agriculture in Bulgaria
Organic agriculture in Bulgaria Bulgaria is one of Europe’s richest countries in biodiversity. The territory of the country covers parts of the three biogeographical regions Alpine, Black Sea and Continental, although small in area (10,900 km2). The country’s geographic position in the southeastern part of the continent, the complex history of palaeogeography and paleoclima, varied […]
Read moreBulgarian Investment Advantages
Bulgarian Investment Advantages Bulgaria has some of Europe’s most competitive business costs for foreign investors. Investments in real estate have created a large supply of modern offices at very competitive costs. For European standards, corporate taxes and labor costs are fairly low. Taxes in Bulgaria Bulgaria is making a considerable effort to offer Europe’s lowest corporate taxes. In 2007, corporate tax rates fell to 10% and 0% in high unemployment areas. Value Added Tax (VAT) With some exceptions, the amount of VAT in Bulgaria is 20%. Some deals involve free or VAT purchases / land purchase, shares purchases, etc /. Some are with VAT in a smaller amount. Taxation of Individuals Personal income tax rate: A flat rate or 10% on the taxable income Corporate income tax All companies and partnerships are liable to corporate income tax. These includes non-incorporated partnerships. Corporate income is taxed at the rate of […]
Read moreOdelo Bulgaria opened a new plant in the Industrial Zone near Plovdiv
Odelo Bulgaria opened a new plant in the Industrial Zone near Plovdiv Odelo Bulgaria Ltd. opened a new car lights production plant in the Industrial Zone near Plovdiv. “I thank the Bulgarian workers, engineers and developers for bringing such investors with their good work and qualifications,” said Prime Minister Boyko Borissov at the opening ceremony. […]
Read moreEUR 600 million more foreign investments in Bulgaria since the beginning of the year
EUR 600 million more foreign investments in Bulgaria since the beginning of the year In August 2019, Bulgaria ‘s current account surplus exceeded EUR 1.1 billion, while foreign direct investment increased by EUR 76 million, but with a total increase or over EUR 600 million since the beginning of the year, BNB data on […]
Read moreDraft Strategic Cooperation Agreement between Bulgaria and the United Arab Emirates approved
Draft Strategic Cooperation Agreement between Bulgaria and the United Arab Emirates approved The government has approved a draft Strategic Cooperation Agreement between Bulgaria and the United Arab Emirates as a basis for negotiations between the two countries, said the government press office. The United Arab Emirates is among the countries in the Gulf region […]
Read more#InvestBulgaria
#InvestBulgaria Coca-Cola Hellenic Bottling Company presented its new production line at its Kostinbrod plant, #Bulgaria. The # investment is for BGN 40 million, and according to CEO Jurg Burkhalter, this will be the most modern and efficient line in # Europe . The new capacity will use over 600 tonnes or recycled PET plastic. “The […]
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