“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.
In the early hours of October 19, 2024, Unit 6 of the Kozloduy NPP will be shut down for planned annual maintenance that is expected to last until the end of November. During this time, the planned repair works and recharging of the..
On Monday, October 21, repair works will start in the Romanian section of the Danube Bridge linking Ruse and Giurgiu , the Romanian authorities report. The facility will not be closed completely, BNR correspondent in Ruse, Asya..
A letter of intent covering military activities between Turkiye, Romania and Bulgaria was signed in Brussels by the defence ministers of the three countries, the Bulgarian news agency BTA writes, citing Anadolu Ajansı. Bulgarian Defence Minister..
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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