“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 Bulgarian MPs have adopted regulations for the organization and activities of the National Assembly, BTA reported. The majority rejected the proposals of "Vazrazhdane" and ITN to have the MPs tested for drugs. ITN's proposal provided for the..
The regional governor of Plovdiv, Prof. Hristina Yancheva, announced a partial state of emergency in Hisarya and Kaloyanovo, BTA has reported. The measure was introduced because of the fires in the area of the villages of Pesnopoi and Mihiltsi near..
The European Commission has approved state aid amounting to EUR 142 million (BGN 278 million) to support the energy sector, BNR’s correspondent in Brussels reports. The money is being granted to alleviate part of the expenses of the companies which..
After 17 MPs from the Movement for Rights and Freedoms, MRF, were expelled, among them the party’s other co-chair Dzevdet Chakarov, MRF MP Ahmed..
On Friday the weather will be sunny and hot. Clouds will form in the afternoon but there will only be isolated showers in some parts in Eastern..
Several European liberal parties have sent a letter to the Alliance of Liberals and Democrats for Europe (ALDE) to demand that Delyan Peevski be..
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