Why Bulgaria?

Member of

European union

since 2007

NATO

since 2004

EU banking union

and will implement the Euro in 2025

World trade organisation

since 1996

#2 MOST INNOVATIVE UPPER MIDDLE INCOME COUNTRY IN THE WORLD

Global Innovation Index, Cornell, 2021

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.
Its location and EU membership allow for a fast and easy market access to all of Europe and Soutwest Asia, with 0 tariff 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.

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

Moreover, 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