Macroeconomic indicators (2006) |
- Bulgaria is among the leaders in Europe in property capital
growth P/A: 34.9%
- Record gross capital formation: 19.7 % of GDP
- Budget deficit: 0.4 % of GDP
- Record high forexreserves: EUR 6.4 billion
- Varna area property prices increase record: 43.7 % (June 2006)
|
| Outstanding human capital |
- Bulgarian secondary education is among the best in the world
- ranked No1 at 2003 International Maths Olympics in Tokyo
(in front of China and USA)
- ranked No 7 at 2003 International Informatics Olympics in
USA
- Strong technical education -41 universities, 45 colleges, 3600
schools
- Bulgarians rank second in international IQ tests(Source: MENSAInt)
- Bulgarians are among the top university students world-wide
-2nd in the world
in SAT scores
- Graduates:
- more than 5,000 students graduating in computer science
- more than 5,000 graduating in engineering
- more than 20,000IT professionals employed in the IT sector
|
| Business climate reforms 2001 - 2007 |
- removal of 20% of licensing, permit and registration regimes
- simplification of another 33% of licenses
- capital gains tax: 0%; interest gains tax: 0%;
- VAT exemption for imports for investment projects over €
5 m
- adoption of International Accounting Standards
|
| Corporate income tax rates |
- In high unemployment areas: 0 %
- For 2003: 23.5%
- For 2004: 21.5%
- For 2005: 18.0%
- For 2007: 9.8%
|
Investment incentives policy
Source: Bulgarian Foreign Investment Agency; KPMG |
| STEADY INFLOW OF GREENFIELD INVESTMENT POTENTIAL OPPORTUNITIES FOR INVESTORS IN BULGARIA |
- Greenfield investment -low cost of operations and highly skilled
labor cost; investment incentives.
- Mergers and acquisitions of existing private companies –low
cost of assets and operation.
- Privatization – Energy Sector, Infrastructure and Transportation
- Improvement of productivity by introducing organizational changes
and best practices without substantial investments.
|
| Overview of the Tourism sector |
- Well-positioned international tourist destination;
- Rare combination of natural environment and climatic conditions
for year-round tourism;
- Established holiday and property investors destination for Germans, Scandinavians,
British, Denmark, Baltic Republics, Romanian, Russian and East Europeans;
- One of the few European destinations with strong 2002 growth:
6.342m tourists for 2006, an 28.1% increase as compared to 2005;
- Record revenues of USD 3.1bn in 2005 and USD 2.1bn in 2003,
accounting for 16-17% of GDP;
- Wide range of products: Beach/Recreation, Winter Sports, Spa/Health,
Culture/Museum/Monasteries, Nature/Activity, Touring, Conference
|
