EFFICIENT.

DEVELOPED.

CONNECTED.

Why Plovdiv?

EFFICIENT.

Among the TOP 10 cities with best FDI strategy and cost-effectiveness according to fDi intelligence.

DEVELOPED.

Industrial heart of Bulgaria with a well-organized cluster of global leading manufactures and industry suppliers, and a booming IT&BPO destination.​

CONNECTED.

Strategically located as an intersection point of three Pan European Corridors linking Europe with Asia.

%
Fixed corporate and personal income tax rate
Population
(metropolitan area)
New inhabitants in the City
(2021)
Expats
(2021)

Your new investment destination

Plovdiv is the hotspot for the development of the new Bulgarian industry and an attracting point for foreign direct investments. The success formula consists of a mixture between high quality of life, a well-developed educational network and expanding human resources.
Fixed 10% corporate tax, numerous investor incentives, easy and fast company registration, no VISA requirements for EU citizens and a single point of contact and an all-in service package for investors.

One of the fastest growing industrial zones in Southeast Europe, with more than 200 local and international companies, and over 71 000 employed in the sector. Rapidly growing IT&BPO destination with over 7000 employees and a hotspot for freelancers.

Well-developed, modernized, digitalized and diversified school educational system, with leading dual education profiles and over 42 000 students. А network of 8 universities, with 35 300 students and advanced business, engineering, language and IT fields – also contributes to Plovdiv’s growing economy.

Great work-life balance, unique atmosphere, rich range of cultural, sport and leisure activities and low cost of living compared to other European cities, all make Plovdiv one of the most attractive places to live and work in Southeast Europe.

When starting a business in Plovdiv, investors will benefit from a single point of contact in Plovdiv
Municipality & an all-in package of services, including preliminary researches and consultations, staff recruitment support, local media promotion, etc.

0 %
ANNUAL GROWTH OF PRODUCTIVITY

11.7‰

NET MIGRATION
20-29 YEARS

208 000+

NUMBER
OF JOBS

0
BILLION
GDP

Local Economy

Plovdiv is among the most preferred nearshoring destinations in Southeastern Europe in both the manufacturing and service sectors, which has significantly transformed its local economy structure. With GDP amounting to €4.9 billion/year – Plovdiv’s economy is second largest with nearly 8% of that of the country.

Due to the business-friendly environment, manufacturers in the city and region almost yearly expand their production capacities, open new factories and invest nearly €900 million/year in fixed capital expenditures. The IT&BPO sector contributes for nearly 5% of these investments – despite recent shifts in working trends.

Industrial Leader

The region is home to some of the fastest growing industrial zones in Southeast Europe, where more than 200 local and international companies operate. The sector is also a leader in jobs – over 71,000 more than 20,000 of them in Automotive and Mechatronics. 

This has helped established Plovdiv as a leader in the Automotive & Mechatronics sector, which forms over 1/5 of the added value of the same for the country. In return, manufacturing contributed to about 40% of the local economic product in 2020.

Thanks to its strategic location and excellent connectivity, the region has also established itself as a leading transport and logistics center. The specialized industrial zones around the city are well connected, both with the city itself and with all main transport links in the country.

Booming Technology Center

The City of Plovdiv is the second biggest IT&BPO destination in the country with 200+ local and international companies and 7000+ employees. This is the most dynamically developing sector in the local economy with potential to reach 12 000 employees in the next 3 to 5 years.

A well-developed network of school and higher education institutions aids the development of the sector by producing highly skilled bi- or multilingual talent in sectors such as IT, finance and accounting, legal studies, electronics, etc.

European Capital of Culture

As the oldest continuously inhabited city in all of Europe, Plovdiv is home to impressive monuments of antiquity, which blend smoothly with the cosmopolitan vibe of the city.

A myriad of historical sights – some dating back to the 1st century, a rich cultural calendar with annual opera, theatre, music, film and art events, and a newly renovated art district at the heart of the City – Plovdiv offers a priceless experience for everyone.

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Major investors in Plovdiv

Ready to start?

Municipality of Plovdiv puts a lot of effort to be the first point of contact of all potential investors.