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  • Investing in Bulgaria - Workforce Availability

  • Investing in Bulgaria - Taxes in Bulgaria

  • Investing in Bulgaria - Operational Costs in Bulgaria

  • Investing in Bulgaria

Investing in Bulgaria

Workforce Availability

In 2006, the population in working age is 4,820,000 people, or 63% of the entire population. The population above working age is 1,740,000 people; and the one below working age is 1,200,000 people. There is a downward tendency for the entire population, which calls for the need of investment in human capital.

Employer Contributions in Bulgaria

Pension, General illness and maternity, Unemployment contribution, Health insurance, Guarantee fund for salaries, Work accidents and job related illness

Taxes in Bulgaria

Bulgaria is making a considerable effort to offer the lowest corporate taxes in Europe. Corporate tax rate is 10% (the lowest in the European Union) and is 0% in areas of high unemployment.

Income Tax Brackets in Bulgaria

Flat 10% income tax! Bulgaria at present practically has the lowest tax rates in Europe after the introduction of flat corporate and personal income tax rates of 10% in 2008. Over the last decade and a half, a number of countries, mostly in Eastern Europe, introduced flat-rate taxation.

Hiring and Firing Workers in Bulgaria

As recruiting staff for your Bulgarian operations you do need to bear in mind some requirements that need to be followed to comply with local legislation. The link below shown a detailed description of common issues that employers need to consider while hiring and letting go of local personnel.

Operational Costs in Bulgaria

Summary of basic business operational costs in Bulgaria.

Average Salaries in Bulgaria

2013 information of salaries for basic positions.

Bulgarian Business Culture

Interesting things to know about the Bulgarian business culture

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Consumer Price Index of Bulgaria (annual change)
Consumer Price Index of Bulgaria (annual change)

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Exchange Rate Lev Against the US Dollar

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Did You Know?
Vitosha National Park
Vitosha National Park
Vitosha National Park, located right next to Sofia, offers endless options for recreation ... More

Silistra is located in the north-easter part of Bulgaria, on the southern side of Danube river. The town is famous for its chrome factory, which produces the bigger part of the chrome products used in Bulgaria.

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