Why Bulgaria?

Bulgaria as a member of EU since 2007 has a strong currency (LEV), economic freedom, positive trends and perfect location (SE Europe).

-EU member since 2007;
-Strong currency (LEV);
-Economic freedom;
-Positive economic trends;
-Perfect location (SE Europe);
-Low costs and taxes for employees;
-Perfect English and Russian speaking staff.

Bulgaria, officially the Republic of Bulgaria, is a country located in Southeastern Europe. It is bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. With a territory of 110,994 square kilometres (42,855 sq mi), Bulgaria is Europe’s 14th-largest country. Prehistoric cultures began developing on Bulgarian lands during the Neolithic period. Its ancient history saw the presence of the Thracians, and later the Greeks and Romans. The emergence of a unified Bulgarian state dates back to the establishment of the First Bulgarian Empire in 681 AD, which dominated most of the Balkans and functioned as a cultural hub for Slavic peoples during the Middle Ages. With the downfall of the Second Bulgarian Empire in 1396, its territories came under Ottoman rule for nearly five centuries. The Russo-Turkish War of 1877–1878 created the Third Bulgarian State. The following years saw several conflicts with its neighbours, which prompted Bulgaria to align with Germany in both World Wars. In 1946 it became a Socialist state with a single-party system. In 1989 the Communist Party allowed multi-party elections, following which Bulgaria transitioned to democracy and a market-based economy.

The population of 7.36 million people is predominantly urban and mainly concentrated in the administrative centres of its 28 provinces. Most commercial and cultural activities are concentrated in the capital Sofia. The strongest sectors of the economy are heavy industry, power engineering, and agriculture, all relying on local natural resources. The current political structure dates to the adoption of a democratic constitution in 1991. Bulgaria is a unitary parliamentary republic with a high degree of political, administrative, and economic centralisation. It is a member of the European Union, NATO, and the Council of Europe; a founding state of the Organization for Security and Co-operation in Europe (OSCE); and has taken a seat at the UN Security Council three times.

Bulgaria has an emerging market economy in the upper middle income range, where the private sector accounts for more than 80 per cent of GDP. From a largely agricultural country with a predominantly rural population in 1948, by the 1980s Bulgaria had transformed into an industrial economy with scientific and technological research at the top of its budgetary expenditure priorities.The loss of COMECON markets in 1990 and the subsequent “shock therapy” of the planned system caused a steep decline in industrial and agricultural production, ultimately followed by an economic collapse in 1997. The economy largely recovered during a period of rapid growth several years later, but individual mean income remains one of the lowest in the EU at 768 leva (393 euro) per month. More than a fifth of the labour force are employed on a minimum wage of 1 euro per hour. Wages, however, account for only half of the total household income, owing to the substantial informal economy which amounts to almost 32% of GDP. Bulgarian PPS GDP per capita stood at 47 per cent of the EU average in 2012 according to Eurostat data, while the cost of living was 49 per cent of the average. The currency is the lev, which is pegged to the euro at a rate of 1.95583 lev? for one euro. Bulgaria is not part of the eurozone and has abandoned its plans to adopt the euro.