#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).