“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.
The Imperial Eagle Festival, organised by the Bulgarian Society for the Protection of Birds and the municipality of Topolovgrad, takes place today in Topolovgrad, Sakar Mountain, Haskovo region. The event brings together nature lovers, farmers,..
On Saturday morning there will be frost in the lowlands, and fog in the river basins. During the day the weather will be predominantly sunny with a moderate wind from the East. Minimum temperatures 2° C., below zero to 6° C., for Sofia 2° C., below..
The UK Ambassador to Bulgaria, Nathaniel Copsey, has met with students from the Language High School in Smolyan to present the "Ambassador for a Day" initiative. It will be held for the eighth consecutive year by the British Embassy...
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..
+359 2 9336 661