Bulgaria is among the countries with the cheapest labor in the European Union, with low and fixed corporate and income tax. This makes it an attractive destination for many investors with lower business costs. However, foreign..
No one in the Bulgarian Development Bank can give loans of 50 million euros anymore, as the institution has a new statute, Minister of Economy Kiril Petkov has told BNT. It has been recently established that the bank distributed..
A survey by the German-Bulgarian Chamber of Industry and Commerce shows that corruption, crime and lack of transparency in public procurement procedures are the major problems businesses in Bulgaria face, BNR reporter Nataliya Ganchovska informed...
“Bulgaria has a huge potential to attract more investments”, said the President of the American Chamber of Commerce in Bulgaria (AmCham) Olivier Marquette at a meeting with Bulgaria’s Premier Boyko Borissov. Olivier Marquette noted that Bulgaria..
Bulgaria and Poland will work to attract more investments for the “Three Seas” initiative. Agreement on this was reached by Foreign Minister Ekaterina Zaharieva and Beata Daszynska-Muzyczka, Chairperson of the Supervisory Board of the Three Seas..
The startup visa, which will be introduced in Bulgaria soon, is expected to attract more foreign investors. A number of countries showed interest in the startup visa only several days after it formally became part of the Bulgarian legislation . It..
Since the establishment of the European Fund for Strategic Investments, better known as the Juncker Plan, projects in Bulgaria using its framework total 773 million euros. The guarantees are expected to attract 4.7 billion euros in..
The coronavirus pandemic has deepened economic disparities between Sofia and other Bulgarian regions. It has also resulted in higher unemployment in 2020. According to the annual report of the Institute for Market Economics on the development..
Although 2020 ended less than a week ago, the consequences of the Covid-19 crisis that marked it, will have a long effect on the mental, emotional and especially the financial well-being of Bulgarians and of all other nations in the world. We..
Projects worth over 1 billion Leva have been certified in 2020, Minister of Economy Lachezar Borisov stated during a working meeting with Prime Minister Boyko Borissov, as quoted by BTA. This, in the words of Minister Borisov, is a record in..
