“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.
Caretaker Minister of the Environment and Water, Petar Dimitrov, says he does not think there was a problem in the location of the air quality measuring stations. A week ago, in an interview with BNR, lawyer Dimitar Ploshtakov..
The number of victims of trafficking since the beginning of the year is 55, as 41 of the victims are women, Antoaneta Dimitrova from the National Commission for Combating Trafficking in Human Beings has reported. According to her, for..
A Bulgarian siphoned 2.2 million pounds from the money of British taxpayers, the "Sunday Telegraph" reports. The scheme involved flying Bulgarians to Britain, transporting them to jobcenters to apply for benefits and returning them to..
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..
Caretaker Minister of the Environment and Water, Petar Dimitrov, says he does not think there was a problem in the location of the air..
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