Among the TOP 10 cities with best FDI strategy and cost-effectiveness according to fDi intelligence.
Industrial heart of Bulgaria with a well-organized cluster of global leading manufactures and industry suppliers, and a booming IT&BPO destination.
Strategically located as an intersection point of three Pan European Corridors linking Europe with Asia.
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.
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.
We expect two or more new investment projects in Plovdiv as a follow-up from the business forum in Istanbul, says Deputy Mayor Stefan Stoyanov
Plovdiv Deputy Mayor Stefan Stoyanov expects two or more investment projects to follow up on a Bulgarian Investment Forum in Istanbul on January 26, 2023.
Plovdiv as an investment destination will be presented by the Deputy Mayor for Education and Business Development Stefan Stoyanov during а two-day business forum held
Major investors in Plovdiv
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Municipality of Plovdiv puts a lot of effort to be the first point of contact of all potential investors.