Advantages

1 Political and business stability:

  • EU, NATO & WTO member;
  • Currency board;
  • Law budget deficit and government debt.

 

2 Competitive cost of doing business:

  • 10% corporate and personal tax rates;
  • Competitive cost of labor;
  • Favorable office rents and low cost of real estates.

3 Access to markets:

  • European Union/EFTA Russia;
  • Turkey/The Middle East.

4 Educated & skilled workforces:

  • 10 000 students
  • 25% of the population hold a university degree;
  • 46% of the population speak at one foreign language.

5 Government initiatives:

  • Social security incentives;
  • Tax incentives;
  • Vocational education incentives;
  • 0% corporate tax for investments in areas with high unemployment rate 10% corporate tax, 10 % income tax for natural persons 20%VAT;
  • 0.069 Euro/kWh electricity price industrial consumers;
  • 9.49 Euro/GJ gas price for industrial consumers;
  • 42.009 billion euros GDP;
  • 1.3 billion euros FDI inflow;
  • 1.6% HICP inflation rate;
  • 499 Euro average monthly salary;
  • 2.8 budget deficit;
  • 1.7 real GDP growth;
  •  2 universities, 4 colleges and high schools;
  •  7% of the population holds an engineering degree;
  • 3.37 million of people workforce (All country);
  • Industrial rents (Burgas) from 1-2 Euro (m2/month);
  • Office rents (Burgas) from 10 Euro (m2/month);
  • Water – 1.09 (Euro/1m3).
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