Home>About Bulgaria
ABOUT BULGARIA
POLITICAL AND MACROECONOMIC OVERVIEW
- Parliamentary democracy with free market
- European Union member as of January 2007
- NATO member since April 2004
- Currency board, local currency BGN pegged to the Euro, no currency risk
- Significant European funds investments in infrastructure, energy, etc.
- Strategic location
- Stable government
BUSINESS CLIMATE
- Lowest corporate income tax rate in the whole EU at 10% flat
- Cost of doing business the lowest in the EU
- Many Bulgarians educated in top universities in the USA and Europe returning to work in the country
- Real estate prices and many service fees still lowest in the EU
- Banks still cautious at lending, however lack of extensive leverage in the system, no bank bankruptcies
HISTORY, CULTURE & NATURE
- Located on the Balkan Peninsula in Southeast Europe
- Sits on major transcontinental routes from Asia and the Middle East to Western Europe
- Total area 111,000 km2, population about 7.5 million; major cities like Istanbul, Athens, Bucharest, Belgrade are up to 30 minutes away by plane
- Excellent tourism conditions: some of the best sandy beaches in Europe, mountain ski and SPA resorts
- Culture and tradition dating 1300 years back
