Plovdiv is one of the ten best Tier-2 cities of the future in the global ranking of the Financial Times. The city falls into two of the rankings of the prestigious business publication, for FDI Strategy and cost efficiency.
In this year’s ranking, the analysts of the publication compared 116 medium-sized cities (with a population of up to 8 million inhabitants) from around the world on more than 90 criteria in order to select the winners. The main indicators are: economic and demographic factors, human resources and quality of life, cost efficiency, connectivity, favorable environment for business development and others.
“Plovdiv provides a high quality of life and a well-developed economy, which is attractive to investors and our inclusion in the prestigious ranking is expected. The municipality is currently working on the project of a state-certified investor class A, and we are constantly negotiating with new potential investors” said Mayor Zdravko Dimitrov and stressed that currently in Plovdiv there are real public investments in infrastructure for over BGN 500 million, which will ensure the sustainable development of the region, improve the business climate and make the city even more attractive.
Plovdiv is the only city in Bulgaria in the top 10 of the prestigious ranking together with Montreal, Canada; Lyon, France; Perth, Australia; Basel, Switzerland; Bilbao, Spain; Yokohama, Japan and others. Plovdiv has established itself as the largest industrial center in the country, and the Thrace Economic Zone is one of the largest areas in Southeast Europe. It produces hundreds of Bulgarian and international companies with greenfield investments of over 2 billion euros in the last 15 years.
According to Deputy Mayor for Business Development Stefan Stoyanov, Plovdiv and the region continue to be a hot destination for investment and industrial zones and services will continue to develop even in times of crisis. The establishment of new Bulgarian and international investors continues actively even this year.
The print edition “fDi Intelligence” reaches over 15,000 subscribed corporate and cross-border investment professionals worldwide, as well as thousands of users online, which gives Plovdiv and the region the unique opportunity to stand out as a top destination for business investment, supported by a magazine with high international prestige – a remarkable and important achievement during the pandemic crisis.
Detailed information about the ranking can be found here: