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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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 […]
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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 […]
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Bulgaria is an established leading global outsourcing and offshoring destination. Bulgaria has a world class qualified and talented workforce speaking numerous languages and with high-end technical skills. The mix of multilingual talent pool, competitive operational costs, cultural proximity and expertise in the outsourcing industry make Bulgaria top outsourcing destination in Europe and one of the […]
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THU, 11/07/2019 – 9:00 AM Sofia SOFIA EVENT CENTER Established in 2006, BalREc is the most valuable real estate investment conference platform in Bulgaria and the region, providing the opportunity to major players on the market to meet, network and discuss the latest industry trends. The leading investors, developers, financial institutions, consultants, project managers, law […]
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Excellent presentation of # Bulgaria at the largest # food fair in the world Nearly 50 leading Bulgarian companies took part in the anniversary edition of the 50th largest # international # exhibition for the # food # industry in the world – # ANUGA , which is a hero every two years in […]
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Edible coffee cups from Plovdiv , Formula1 simulators from Gabrovo, “smart” houses from Stara Zagora, High School of Innovation in Burgas , vertical oyster farms from Varna, hand-woven carpets for the British royal family from the town of Kostadovo … Just as with innovations , businesses can develop where there is someone looking for opportunities […]
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#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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The newly established Bulgarian Outsourcing Association made a forecast for a stable increase in the number of companies that plan to outsource their business to Bulgaria. The association predicted that the increase in the number of companies will be around three times in the next five years. The outsourcing business is considered among the most […]
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In Bulgaria there are many advantages of having an active company. The country is a member of the European Union which is considered to be one of most influential economic areas in the world. As an official member, Bulgaria takes full advantage of the Union’s economic political, legal, labor, environmental and consumer benefits. The […]
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