Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Austerity Measures Send Romanian Companies to BulgariaAusterity Measures Send Romanian Companies to Bulgaria
AUSTERITY MEASURES SEND ROMANIAN COMPANIES TO BULGARIAAUSTERITY MEASURES SEND ROMANIAN COMPANIES TO BULGARIA
Date: 02/10/2010
Source: novinite.com
Austerity Measures Send Romanian Companies to BulgariaAusterity Measures Send Romanian Companies to Bulgaria

Thousands of Romanian companies are moving their business to neighboring Bulgaria, the Bulgarian National Radio, BNR, informs Saturday.

The reasons cited are the spending cuts and austerity measures imposed in Romania, lower taxes and better conditions for the business in Bulgaria.

In Bulgaria revenue and profit taxes are 10% compared to 16% in Romania. The Value Added Tax (VAT) is also lower. Bucharest recently had to up VAT as a condition to obtain a EUR 2 B loan from the EU and the International Monetary Fund (IMF).

In addition, it is much easier to establish a company of Bulgaria where one needs less than a week and BGN 2 as initial capital.

It is estimated that nearly 2 500 Romanian companies have already moved to Bulgaria. The Bulgarian Danube city of Ruse sees 2 registrations of Romanian businesses per day.


Topic: Business



Featured District
VARNA DISTRICT AND CITY INFORMATIONVarna
Invest Bulgaria Charts
Gross Value Added of Bulgaria - Annual Growth Rate
Gross Value Added of Bulgaria - Annual Growth Rate

Tax Revenue of Bulgaria as Percent of GDP
Tax Revenue of Bulgaria as Percent of GDP

See all charts
Did You Know?
American University in Bulgaria
American University in Bulgaria
The average SAT score at the American University in Bulgaria is 1280 points! ... More

Silistra is a lovely, tranquil and picturesque city on the bank terraces where the river leaves Bulgarian territory.The hills afford a lovely view of the city, the river with the islands, the Romanian bank across and the vast Wallachian plain beyond. This small area is a horn of plenty. It is Bulgaria's biggest apricot orchard.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members