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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

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