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Logistics

Advantages of the sector

Bulgaria is ideally located to provide easy access to the markets in Europe, Russia, the CIS countires, Turkey and the Middle East

  • Bulgaria is a member of the European Union which stands for free movement of goods
  • Five Pan-European corridors pass through the country
  • TRACECA (TRAnsport Corridor Europe – Caucasus – Asia) links Bulgaria with Central Asia

Bulgaria offers easy access to the EU, Russia and the CIS countries, and the Middle East at the same time

City

Sofia

Belgrade

Budapest

Distance (km)

Days by truck

Distance (km)

Days by truck

Distance (km)

Days by truck

European Union

Munich

1 097

3

773

2

564

1

Antwerp

1 711

4

1 384

3

1 137

2

Milan

1 167

3

885

2

789

1

Piraeus

525

1

806

2

1 123

3

Russia and CIS

Moscow

1 777

5

1 711

5

1 565

5

Kiev

1 021

4

976

3

894

3

Middle East

Istanbul

503

1

809

2

1 065

3

Kuwait City

2 623

12

2 932

13

3 165

13

Tel Aviv

1 551

8

1 880

9

2 167

9

Source: InvestBulgaria Agency analysis

 

Bulgaria is an entry to the growing markets of Southeast Europe

  • Bulgaria has strategic central positioning on the Balkan peninsula
  • The region is one of the last regions with potential for rapid growth. The economies have grown in size from $468 billion to $655 bln between 2005 and 2010

Bulgaria is a favourable place to do business

  • Lowest costs of utilities and fuels in Europe
  • Lowest price for rents of industrial and office space in Europe
  • 10% flat corporate tax – among the lowest in Europe
  • Competitive labour costs
  • About 3 000 university students graduate from transport and logistics related majors per year

 

As an EU-member Bulgaria applies favourable tariff and tax regulations

  • Bulgaria applies the EU tariff arrangements covering a market of more than half of the world’s population, including EFTA, Russia, Turkey, the Middle East and North Africa
  • Bilateral treaties for avoidance of double taxation with 68 countries, including all EU countries, Norway and Switzerland,  Russia and the CIS countries, Turkey, the Middle East and North Africa

Bulgaria has established a very comprehensive infrastructure

  • 6 Motorways, some under development
  • 230 Railway stations with capability for loading/unloading cargo
  • 4 international airports
  • 2 major seaports on the Black Sea
  • 4 major river ports on the Danube
  • 60 industrial zones, some under development

The infrastructure is constantly being improved

  • 70% of allocated road, rail and industrial zone infrastructure development funds are available
  • Over EUR 2 bln will be invested in Bulgaria under the Operational Program Transport
  • The 5 main motorways will be completed, the max speed supported by the railway tracks will reach 160 km/h
  • Ship transport conditions in critical areas on the Danube river are improving
  • Construction of several freight villages is planned