“Bulgaria is seen by some investors as an attractive low-cost investment destination, with government incentives for new investment. The country offers some of the least expensive labor in the European Union (EU) and low and flat corporate and income taxes. Labor shortages and inflationary pressures, however, have increased wages and domestic prices,” reads a US Department of State report on the investment climate in Bulgaria in 2023. The report points to problems such as labour shortages, inflation, the increase in wages and domestic prices, the lowest labour productivity in the EU and rule of law. “There are no legal limits on foreign ownership or control of firms. With some exceptions, foreign entities are given the same treatment as national firms and their investments are not screened or otherwise restricted,” the analysis reads.
“The war in Ukraine disrupted supply chains, contributed to domestic inflation, and made investors more cautious, but it also creates opportunities in Bulgaria to effectively consolidate supply chains through nearshoring,” the US Department of State report reads.
Ramadan Atalay, an expelled MP from the Movement for Rights and Freedoms (DPS) group, has called on the party to remain united. He said this as he entered Parliament this morning, BNT reported. According to Atalay, the DPS has enough power to..
The smallest political party in Parliament - Velichie - is on the verge of collapse, its founder Ivelin Mihaylov has warned, after the party's MPs voted unanimously against the government proposed by GERB. PP-DB reaffirms its refusal to support a..
On Thursday, clouds will break over the country. After midday there will be short showers with thunderstorms in the Rila-Rhodope area. Minimum temperatures will be between 15 and 23°C, 15°C in Sofia. Maximum temperatures will be between 25 and 30°C,..
The exhibition "The Buckles – a Universe of Signs" by the Ruse Regional Museum of History is visiting Burgas. The exposition, which will be opened today..
"It is evident that the political crisis continues and its solution requires not only putting aside personal and party interests but also requires..
Today, the National Assembly will vote on the new government proposed by GERB-SDS. On Monday, upon receiving the first exploratory mandate, the largest..
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