“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.
Monday will be mostly sunny . There will be temporary increases in cloudiness over the western areas of the country. The wind will be light to moderate from the east-northeast. The lowest temperatures will be between minus 2° to 3°C,..
The presidential institution will host the "Manager for a Day" initiative, the press office of the head of state announced. Two young people will join the working process of the institution tomorrow. The head of state Rumen..
There is a growth in the use of synthetic drugs due to their easy transportation and concealment, said Desislav Mitev, head of a sector in the territorial directorate of the Customs Agency in Ruse. According to the..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication..
A fire broke out in the Varna office of a party which was represented in the last National Assembly and which is contesting the forthcoming elections on 27..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
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