About Bulgaria

About Bulgaria 2017-09-12T17:22:18+00:00

Bulgaria has a relevant strategic posting in the center of the main EU crossroads with the most competitive enterprise cost in Europe.

Climate is a moderate continental with four seasons.

The official language of Bulgaria is Bulgarian, other spoken languages are English, Russian, Turkish, German, Italian.

The currency for Bulgaria is the Bulgarian Lev (BGN). The Lev is pegged to the Euro at a rate of 1.95583 Leva = 1 Euro.

The population of Bulgaria as of 2016 was 7,044,647. Based on the most recent estimates, Bulgaria is ranked as the 101st most populous country in the world. With a total area of 111,002 square kilometers.

The capital, Sofia, is also the largest city with an estimated population of 1.26 million people.

The politics of Bulgaria take place in a framework of a parliamentary representative democratic republic.

The Council of Ministers is the main authority of the executive power in the Republic of Bulgaria. It consists of the Prime Minister of Bulgaria and all the specialized ministers.

Situated on the main roads between Europe and Asia.

It borders five other countries: Romania to the north , Serbia and the Republic of Macedonia to the west, and Greece and Turkey to the south.
There are four major airports in Bulgaria and they all have great connections from all over Europe: Sofia, Plovdiv, Varna and Bourgas.

Invest in Bulgaria.

Key facts and figures macroeconomics.

Bulgaria joined NATO’s Partnership for Peace in 1994 and applied for NATO membership in 1997. During the November 2002 Prague Summit Bulgaria was one of seven former socialist countries invited to join the Alliance. Bulgaria became a member of NATO in March 2004. The country is also working toward NATO compatibility in communications and training, and has established a Peacekeeping Training Center.

On an annual basis, consumer prices fell 2.2% in March, which was a notably bigger drop than the 1.5% decrease recorded in March and marked the fastest year-on-year decrease since March 2014. Meanwhile, annual average consumer prices in April were slightly lower than in March, inching down from minus 0.2% to minus 0.4%.

Forecast participants see inflation at 0.6% in 2016, which is down 0.4 percentage points from last month’s forecast. In 2017, expect inflation of 1.7%.

Corporate income tax rate is 10% flat rate, among the lowest in Europe. Bulgarian individuals are taxed at a flat rate of 10% on their worldwide income. Self-employment income is also charged with 10% tax. Non-resident individuals are taxed only on their income from sources in Bulgaria with 10% withholding tax.

2-year vat-free period for import of equipment for investment projects over 5 mln. Euro or projects with at least 50 new working places.

Bulgaria’s residential electricity tariffs are at the lowest nominal level in the EU, according to Eurostat energy prices stats. Bulgaria has the lowest average household electricity prices in EU, when expressed in EUR, with EUR 9.6 per kWh, while the average electricity price in EU is EUR 19.7 per kWh.

Traditions in agriculture , manufacturing, construction , tourism. 66 % of the population is in working age.

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