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Economic structure

Bulgaria has a strategic location in the center of Southeastern Europe and the main roads of Europe to the Middle East and Asia pass through

  • Bulgaria is strategically located and provides access to the following markets:
    • South-East Europe – a 122 million inhabitant, high growth market
    • EU – Bulgaria offers the lowest cost , zero tariff access to a 500 million inhabitant market
    • CIS, Middle East and North Africa
  • Bulgaria offers a combination of political and macroeconomic stability and incentives for doing business:
    • Stable parliamentary democracy; EU, NATO and WTO member
    • Bulgaria’s currency is fixed to the Euro under a currency board arrangement
    • Lowest tax rate and one of the lowest labor costs in the EU coupled with special incentives for investors
    • EU funding – more than €8 bn in EU funds over the next years

2014 Economic Snapshot

GDP (€ in bn)

Exports (€ in bn)

Net FDI (% of GDP)

42.1

22.1

3.2

GDP growth (%)

Unemployment (%)

Inflation rate (%)

1.7

10.6

-1.6

Government deficit (% of GDP)

Government debt (% of GDP)

Current account balance (% of GDP)

-1,5

18,9

0.0

Long-term credit ratings:

Moody’s: Baa2 stable

S&P: BB+ stable

Fitch: BBB- stable

Source: Bulgarian National Bank, Eurostat

 

 

 

Source: Bulgarian National Bank

 

Source: Bulgarian National Bank

 

Taxation in Bulgaria:

 


Source: Bulgarian National Bank

 

Source: National statistical institute in Bulgaria