This document provides information about investing in Bulgaria. It summarizes Bulgaria's key statistics, competitive advantages for business, and sectors for investment opportunities. The main points are:
- Bulgaria has a population of 7.4 million people and its capital and largest city is Sofia. It has a stable economy and is a member of the EU, NATO, and WTO.
- Bulgaria offers many benefits for investors including low taxes, low operating costs, EU market access, skilled labor, and government incentives like tax benefits and workforce training programs. Popular sectors for investment include IT, electronics, machinery, food/beverage, and business process outsourcing.
- The document outlines Bulgaria's macroeconomic indicators, foreign
This presentation reproduces selected statistics from the OECD publication entitled “Challenges of International Co-operation in Competition Law Enforcement 2014”. Access the full text of the report at http://www.oecd.org/daf/competition/challenges-international-coop-competition-2014.htm
This presentation reproduces selected statistics from the OECD publication entitled “Challenges of International Co-operation in Competition Law Enforcement 2014”. Access the full text of the report at http://www.oecd.org/daf/competition/challenges-international-coop-competition-2014.htm
In-Depth Analysis and Strategic Roadmap for eGovernance, eSociety and Cybersecurity for the Republic of Armenia. This report was prepared for the USAID CAPS Programme.
Alexandert Himbert - Trade facilitation and spatial patterns of economic acti...OECD CFE
Presentation by Alexandert Himbert, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Philip McCann - Cities, Regions & ProductivityOECD CFE
Presentation by Philip McCann, University of Sheffield, UK at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
In-Depth Analysis and Strategic Roadmap for eGovernance, eSociety and Cybersecurity for the Republic of Armenia. This report was prepared for the USAID CAPS Programme.
Alexandert Himbert - Trade facilitation and spatial patterns of economic acti...OECD CFE
Presentation by Alexandert Himbert, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Philip McCann - Cities, Regions & ProductivityOECD CFE
Presentation by Philip McCann, University of Sheffield, UK at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
We asked GrabPoints.com members various questions about presidential candidates in the upcoming election. Many conclusions can be extrapolated from the results, but here are some highlights:
- Bernie Sanders has many undecided voters. Things go either way for the Bern!
- In general, respondents dislike Republicans. 32% chose “None of the Above” when we asked who’s the friendliest republican front runner
- 32.27% of respondents think Hillary doesn’t have enough experience for the job.
- 22.56% are in favour of Hillary for president, but 32.09% are undecided. Many votes are up for grabs!
Managing Government Balance Sheet: a Focus on Public Assets - Elva Bova, ECOECD Governance
This presentation was made by Elva Bova, EC, at the 19th OECD Senior Financial Management and Reporting Officials Symposium held at the OECD Conference Centre, Paris, on 4-5 March 2019
Ukraine: more than just another outsourcing destination” by Alex Golod, InteticsIntetics
The presentation highlights the latest social and economic trends in the country, discusses why Ukraine is becoming a hot outsourcing destination based on its industry growth, its access to a skilled well educated talent pool, and the government support. Special emphasis is placed on the favorable environment for direct investments in next few years, as well as expected growth of M&A activity in the country. In conclusion, the argument is made that Ukraine will gain prominence as ITO and especially BPO hot destination within next 3 to 5 years.
Agencia de Desarrollo Wroclaw Agglomeration para INVATEfundacioninvate
Presentación realizada por Jan Zarski, de la Agencia de Desarrollo Wroclaw Agglomeration para la jornada “Pioneros en acción: oportunidades de inversión en Polonia”.
ICT Sector in Bulgaria Prospects and Challenges by Mr. Georgi Prangov, State ...Metamorphosis
Presentation by Mr. Georgi Prangov, State Agency for ICT at the third International Conference e-Society.Mk: ICT Sector in Bulgaria Prospects and Challenges, December 1, 2007, Skopje Macedonia
Reasons Why it is Beneficial to Invest in Republic of Kosovonakije.kida
Abstract: The purpose of this paper is to examine the role of Foreign Direct Investment (FDI) in
economic development through the development of the country that has the potential sectors. The
effect of technology in these sectors had risen sector and area that until then had remained neglected.
The paper investigates the impact of foreign direct investment (FDI) in economic growth using
detailed sectoral FDI in Kosovo during the period 2000-2013. Sectors considered are: Agribusiness,
Tourism, forestry, services, manufacturing, mining, energy, construction, wholesale and retail trade,
hotels and restaurants, transport, telecommunications and other sectors. The negative effect of
extractive industries in creating income and environmental pollution in Kosovo is not surprising. FDI
in manufacturing industries by stimulating exports generate more income. FDI are likely to repatriate
their profits but are likely to increase employment. To ensure legal protection for foreign investors,
have signed an agreement with the Agency Multilateral Investment Guarantee (MIGA), the avoidance
of double taxation, taxes are the lowest in Europe. Investment Promotion Agency of Kosovo (IPAK),
the level of government makes the promotion of Kosovo. As a developing country taking the time
information is more difficult but efforts in this direction are great.
Keywords: Foreign direct investment; economic growth; potential sectors; Kosovo
Warsaw as an attractive destination for investments
Warsaw has prepared a report for prospective investors.- “Poland your place to invest 2017” is an English-language publication drawn up on the initiative of the City of Warsaw.
SCHNEIDER GROUP Industry Insight: IT Outsourcing and Software in BelarusSCHNEIDER GROUP
SCHNEIDER GROUP "We have gathered info about the Belarusian IT Outsourcing and IT Software industry. Read our report."
We offer different services for foreign companies wishing to operate in the IT sector in Belarus. Go here to see what we offer http://schneider-group.com/en/portfolios/it-nearshoring/
2. provides information, contacts and project
management support to potential investors.
Services:
Macroeconomic data on Bulgaria
Data on operational costs
Regional information
Personalized administrative servicing
Legal advice
Liaison with central and local
governments
Liaison with branch chambers and
NGOs
WHO ARE WE
3. Official name: Republic of Bulgaria
Area: 110 994 sq.кm.
Population: 7.4 million
Capital: Sofia
Time zone: EET (UTC+2)
Official language: Bulgarian
Currency: Lev (BGN)
Fixed exchange rate: €1 = BGN 1.95583
Type of government: Parliamentary
Member of: EU, NATO, WTO
GENERAL INFORMATION
4. The best outsourcing destination in Europe, according to Cushman &
Wakefield’s rating for 2015. In the world our country takes the third
place.
First in the world in the production of lavender. For the past three
years, our country has managed to surpass France from the first place
and France is historically a leader in this field.
Accommodated about 50 companies producing components and
systems for the global automotive industry. In eight of every ten cars
in Europe, the parts are produced in Bulgaria.
The largest exporter of sunflower seeds worldwide in 2013. Our
market share in the exports of this commodity in the planet is 17.8%.
DID YOU KNOW THAT BULGARIA
5. 1. Political and business stability
EU, NATO & WTO member
Currency board
Low budget deficit and government
debt
reasons
invest in BULGARIA
2. Competitive cost of doing
business
10% Corporate and Personal tax
rates
Competitive cost of labor
Favorable office rents and low
cost of utilities3. Access to markets
European Union / EFTA
Russia
Turkey/Middle East
4. Educated & skilled workforce
80 000 students abroad
25% of population hold university degree
46% of population speak at least one foreign
language
5. Government incentives
Social security benefits
Tax benefits
Vocational education benefits
5
INVEST IN BULGARIA
6. 0.1
1.6
0.2
1.3 1.5
3.0
2010 2011 2012 2013 2014 2015
GDP Growth (%)
3.0 3.4
2.4
0.4
-1.6 -1.1
2010 2011 2012 2013 2014 2015
Inflation Rate (%)
10.3 11.3 12.3 13.0
11.4
9.2
2010 2011 2012 2013 2014 2015
Unemployment Rate (%)
GDP: 44.16 billion EUR
GDP per capita: 5 700 EUR
Budget Deficit: -3.1% of GDP
Government debt: 27.2% of GDP
Exports, FOB: 52.1% of GDP
Imports, CIF: 59.2% of GDP
Trade balance: -7.1% of GDP
MACROECONOMICS DATA
Source: bnb.bg, worldbank.org
MACROECONOMIC INDICATORS
10. From 2.5 €
(m2/month)
Industrial Rents(Sofia)
From 12 €
(m2/month)
Office Rents(Sofia)
Salary(Min.) - 215 €
Salary(Avg.) - 468 €
Competitive Cost of Labor
One of the most competitive costs in Europe!
0.069(€/kWh)
Electricity
0.032(€/kWh)
Gas
1.09(€/1m3)
Water
Source: ec.europa.eu/eurostat, bnb.bg, worldbank.org, colliers.com
COMPETITIVE COST OF DOING BUSINESS
11. BUSINESS PROCESS OUTSOURCING
The Sector:
More than 30 000 people work in The Sector
3% of GDP was generate by The Sector in 2015
8 000 € annual starting salaries per Employee
Advantages:
Bulgaria offers qualified and cost-effective workforce and
advantageous rents of commercial space
BPO sector generates over € 964 million revenues Bulgaria
is the best outsourcing destination in Europe
The average BPO company in Bulgaria provides services
in more than 25 languages
Successful examples:
12. INFORMATION TECHNOLOGY
The Sector:
More than 17 500 specialists work in The Sector
1.86 % of GDP was generate by The Sector in 2015
20 600€ annual wages per Employee
Advantages:
Established traditions and experience in the sector
One of the fastest growing sectors of the economy
The revenues of Bulgarian IT Companies grew by 11%
Over 4 300 students get a degree in IT each year
Bulgarian Internet speed is one of the fastest in the world
Successful examples:
13. ELECTRONICS
The Sector:
More than 45 000 people work in The Sector
6 000 € annual wages per Employee
Advantages:
Availability of experienced engineers
Qualified assembly workforce at affordable cost
Easy access to EU, Russian and Middle East markets
More than 75% of the production of the Electronics
manufactured in Bulgaria is exported
Bulgarian universities are working together with the
companies in the sector to create qualified workforce
Successful examples:
14. MACHINE BUILDING
The Sector:
More than 200 000 people, working in The Sector
18% of GDP was generate by The Sector for 2015
5 000 € annual wages per Employee
Advantages:
Established traditions and experience in the sector
Continuous growth between 2000 and 2015
Qualified work force at affordable price
Easy access to the markets
Networks of technical universities and colleges
Available physical infrastructure
Successful examples:
15. FOOD & BEVERAGE
The Sector:
More than 666 000 people work in The Sector
5% of GDP was generated by The Sector
5 300€ annual wages per Employee
Advantages:
Unique natural conditions for the cultivation of a
wide variety of crops, fruits, and vegetables
49% of the country's territory is farming land
A well-established infrastructure available
Highly qualified and affordable human resources
Strategically located to provide routes to Europe,
Russia, CIS, the Middle East, and North Africa
Successful examples:
16. CRITERIA FOR CERTIFICATION
CLASS A
Minimal Investment
€ 1.00 M – 5.00 M
Minimal job number
25 – 150
(Optional)
CLASS B
Minimal Investment
€ 500 K – 2.50 M
Minimal job number
10 – 100
(Optional)
PRIORITY
Minimal Investment
€ 10.00 M – 50.00 M
Minimal job number
50 – 150
(Compulsory)
THE CRITERIA DEPENDS ON:
Employment
establishment
Economic activity of the
project
(manufacturing, services, high-
tech)
Location of the
project
(underdeveloped regions)
17. ADMINISTRATIVE INCENTIVES
Information services
Shortened administrative procedures -
The central and local government
authorities will provide administrative
services shortened by 1/3rd of the time
period established by the law
Consulting and individual administrative
services, provided by the Agency
Establishment of public-private
partnerships with municipalities,
universities, other organizations from the
academic society and etc.
Institutional Support by establishing an
intergovernmental group to deal with
possible obstacles for the investors
Acquisition of real estate (private state or
private municipal property) without a
tender procedure and competition
18. Acquisition of the real estate with no
tender and at a price lower than the
market, but not lower than the tax
assessment of the property.
Financial support for construction of
technical infrastructure elements to the
borders of the project site, needed for
implementation of one or more investment
projects.
Financial support for the vocational
training for obtaining professional
qualifications.
Reimbursement of labor costs for social
security paid by the employer.
Financial grants for education, R&D and
manufacturing projects.
State tax exemption for changing the land
status from agricultural into industrial.
FINANCIAL INCENTIVES
20. WHAT BULGARIA OFFERS
Investor
REDUCE COST
- Competitive cost
of labor
- Lowest tax rate
in EU
REDUCE RISK
- Political Stability
- Economic Stability
GOVERNMENT
INCENTIVES
INCREASE
COMPETITIVENESS
- Staff qualification
- Improving productive
capacity
GOVERNMENT AS A
PROACTIVE
PARTNER