1. Political and business stability
- Bulgaria is a member of the European Union, NATO and WTO
- The stability of the currency is supported by the currency board, pegging the Bulgarian lev to the euro at the level of 1.96
2. Strategic Location
- Located at the heart of the Balkans, Bulgaria is a strategic logistics hub. Ease of transportation of cargo is provided by:
- Five Pan-European corridors ( IV, VII, VII, XI, X), which pass through the country
- Transport program TRACECA, which connects Europe with Caucasian and Central Asian region
- Four major airports: Sofia, Plovdiv, Bourgas and Varna
- Two main seaports: Varna and Bourgas
- Numerous ports at the Danube River
3. Access to Markets
- Due to its location Bulgaria provides direct access to the following key markets:
- European Union – zero tariff market with population of 500 million
- CIS – still not well penetrated market with a high potential
- Turkey – zero tariff market of near 80 million population
- Middle East – a market with high purchasing power
4. Human Resources
- Work force is well educated, highly skilled and multilingual
- 62.2 % of the total population is in working age (appr. 4.6 million)
- 60 000 students annually graduate from 51 universities
- 98% of the high school students study a foreign language (usually English) and 73% study a second language (mainly German, French, Spanish, Russian)
- 94% of the schools have Internet access
- One of the more compelling statistics about the state of Bulgaria’s education is that more than two-thirds of students study English.
- Moreover, the curricula at more than 100 high schools are taught in a foreign language. Increasingly, given the lower costs of study and living,
- Bulgaria is also attracting a lot of international students, with more than 10,000 non-native students enrolled in domestic universities or colleges.
5. Support for Certified Investors
As part of the EU’s multi-billion-euro scheme to fund development in several key industries, the Bulgarian government provides funding support for certain sectors. The Investment Promotion Act (IPA) invests in research and development, high-tech services, warehousing and logistics, and manufacturing, as well as other crucial industries. In addition, certified investors also receive a wide variety of benefits, including participation in a priority investing scheme.
Here are just some of the advantages of these schemes:
- Shortened administrative procedures.
- Financial support for education and professional training.
- Infrastructure subsidies.
- Priority purchasing of state or municipal land.
Let’s discuss the opportunities together
Bohuslav Lipovsky, Managing Partner
EIM Executive Interim Management CEE
Together we can find the solution you are looking for
Bohuslav leads companies and their managers through complex changes resulting from crisis, restructuring or post-merger integration. He focuses on working with private equity firms and international corporations. His strength lies in developing a transformation strategy and leading of multi-cultural teams.
Bohuslav has international experience, he has been active in interim management for several years, speaks several languages, and has extensive experience from numerous projects.