“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.
The Bulgarian folklore ensemble ''Rodina'', led by Rayna Stamatova, will represent our country at the annual European Union Cultural Festival, which will be held in Lansdowne Park in Ottawa on July 13, 2024, the Ministry of Foreign Affairs announced...
"It is evident that the political crisis continues and its solution requires not only putting aside personal and party interests but also requires adequacy", President Rumen Radev said in Parliament after the MPS rejected the nomination of Rossen..
After a heated debate, Parliament rejected the proposed GERB-SDS cabinet with Rosen Zhelyazkov as Prime Minister. It was supported by 98 MPs, with 138 voting against and two abstaining. Zhelyazkov, representing the first political force in Parliament,..
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..
+359 2 9336 661