“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.
Bulgaria is growing more and more visible for businesses in the US, said Bulgaria’s President Rumen Radev at a briefing in New York after meeting with representatives of American companies. “Interacting with American companies and with..
If the election for parliament were to be held today, 7 political formations are certain to enter the National Assembly, indicates a poll by Trend agency, commissioned by 24 Chasa daily. GERB/SDS comes first with an approval rating of 24.8%...
The foreign ministers of Bulgaria, Romania, Greece and Croatia held a meeting within the framework of the general debate at the UN General Assembly in New York, Bulgaria’s Foreign Ministry has announced. The foreign ministers of the four..
On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from..
During a short meeting on the sidelines of the UN General Assembly in New York, Bulgarian caretaker Minister of Foreign Affairs Ivan..
The caretaker government has adopted National Program for Prevention and Protection from Domestic Violence for the period 2024-2026 ,..
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