Why Bulgaria?
Member of
European union
since 2007
EU banking union
and will implement the Euro in 2025
NATO
since 2004
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