“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.
Swedish environmental activist Greta Thunberg arrived in Sofia by train, eyewitnesses report on social media. Thunberg was spotted walking along Sofia’s Dondukov Boulevard on Sunday afternoon. The first to report on Thunberg's visit to Bulgaria was..
Bulgaria is a leader in the export of agricultural products to China among Central and Eastern European countries, caretaker Minister of Agriculture and Food Georgi Tahov said at a meeting with the Chairman of the Agriculture and Rural Affairs..
Some of the largest Bulgarian companies with over 1,000 employees have received invitations for meetings at the country’s police directorates. The summoned owners and CEOs have signed declarations that they will not promote voter coercion by employers..
A Bulgarian siphoned 2.2 million pounds from the money of British taxpayers, the "Sunday Telegraph" reports. The scheme involved flying..
Caretaker Minister of the Environment and Water, Petar Dimitrov, says he does not think there was a problem in the location of the air..
Construction of the National Children's Hospital will begin in June next year , interim Prime Minister Dimitar Glavchev said at a briefing. The..
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