Why Bulgaria?

Member of

European union

EU banking union

NATO

World trade organisation

#2 MOST INNOVATIVE UPPER MIDDLE INCOME COUNTRY IN THE WORLD

Global Innovation Index, Cornell, 2021

  • Fixed currency
    The Bulgarian currency (lev) is fixed to the € and the country is expected to adopt the EURO in 2025. In addition to that Bulgaria is also currently in the process of joining the Schengen area.

  • Easy market access
    Its location and EU membership allow for a fast and easy market access to all of Europe and Southwest Asia, with NO TARRIF on EU countries and Turkey. They have also helped positively transform the country’s economy and make it one of the booming nearshoring hotspots in Europe.

  • Educated population
    Bulgaria is ranked amongst the best countries in the World in mathematics with 55 gold medals in international mathematics olympiads.

    98% of high school students study a foreign language (usually English) and 73% study a second foreign language mainly German, French, Spanish, Russian (according to ITA, 2022).

#5

BEST OFFSHORING DESTINATION IN EUROPE

Global Services Location Index, A.T. Kearney, 2021

#22

Sound money

Fraser Institute, 2020

#32

Economic freedom

Fraser Institute, 2020

#49

Global Competitiveness Index

World Economic Forum 2019

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