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Bulgaria Seen as Increasingly Attractive Outsourcing Destination

August 20, 2012

Big international companies are studying the Bulgarian market as an appropriate destination for opening new production facilities, real estate consultancy Colliers International said in its Industrial Real Estate Market Overview for the first six months of 2012.

Bulgaria is more attractive than other EU member states by virtue of its low production costs, favourable tax rates, and good geographical location, news portal novinite.com reported on Monday, quoting the Colliers study.

During the reporting period, new production facilities were opened in Bulgaria mostly by international companies operating in the automotive sector.

Demand for industrial and logistics space on the domestic market through June was mainly driven by food retail chains, logistics operators, and pharmaceutical companies and the region of Sofia has proved most attractive.

The total stock of contemporary logistics, speculative logistics, and industrial space in Sofia increased by 15,000 square meters in first six months of 2012, mainly due to the subletting of logistics hubs by their owners.

 

Source: HSBC (Hellenic Business Council in Bulgaria)