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Since 2007, as an European Union member, Bulgaria, already accepted the most important economics and social reforms of the European Union, the determination for the integration of these reforms was estimated by the European Union commission. After entering the European Union the attractiveness of the country for foreign investors also rises, because of facts like: Political and social security, economic growth rate of 5.6% in the year 2006 Favorable tax rates - 10% for for legal and physical persons Stable banking system Establishment as the most favorable location within the European Union in labour costs Minimum wage 91 € and average wage 160 € in 2007 Fast development of the building and tourism industry, as well as the foodstuffs industry Sinking unemployment (7.25% in July 2007 or with 1.71 points lower compared with July 2006)
Illustrated in simple figures: 2.112,7 millions EUR or 7.9% of the gross domestic product are realized by the direct foreign investments during the period January to June 2007. The fact that Bulgaria is also preferred ever more than as a touristic destination proves the increase of the number of the entering tourist in the first 6 months of the year 2007. 80% of them belong to the European Union countries. The European Union countries are likewise the most important business partners for Bulgaria, front runner are Germany, Italy, France, Spain and Greece. These macro-economic characteristics of Bulgaria prove confidence in local and in foreign Business sphere and can justify your decisions, if you consider the country as your reliable business partner in the future. |
