With a population of more than 7 million and an area of more than 110,000 square kilometers, Bulgaria is recognized as a medium-sized European country. Bulgaria, like many of its eastern European neighbors, has large forested areas across its territory. In addition,
Bulgarian startups are developing solutions according to the latest global technological trends and almost half of them (47%) offer world-class innovation, according to data from the fourth annual InnovationShip report of the MOVE.BG Foundation's open digital network EDIT. Compared to the
For the ninth consecutive year, Bulgaria ranks first among EU countries in the production of herbs and spices. According to Eurostat data, just over 71,000 tons of aromatic and medicinal plants and spices were harvested in the country in 2018. The
A Swedish-Swiss concern for the manufacture of electrification products and industrial automation continues developing its business in Bulgaria and opened a new factory in the town of Petrich (Southwest Bulgaria). The company opened its second factory in this Bulgarian town. The
German auto parts manufacturer VOSS Automotive has officially opened its first factory in Bulgaria. The site is located in the Bahovitsa Industrial Park near Lovech and has been operating since May. The jobs created so far are 100, but by the
A Consortium of European and Asian companies is planning to build a factory for electric vehicles in Bulgaria. A memorandum of intentions for construction of this factory was signed in the presence of Bulgaria’s Deputy Premier for Economic and Demographic
Bulgaria export overview Bloomberg has ranked Bulgaria as the sixth best country for doing business in eastern Europe and central Asia. The World Bank rates Bulgaria 38th for ease of doing business. A T Kearney ranks Bulgaria as number one in Europe and ninth globally as
While Belgium is one of the highest taxation countries around the world, the West European country continues to increase its citizen's tax burden. Taxes of 47% of its Gross Domestic Product (GDP) were raised in Belgium in 2017. The figure in 2018
Economy Minister Emil Karanikolov and Dr. Carsten Bittner, a member of the Board of Group Technology Foundations Commerzbank AG discussed the bank's intentions to open an IT Hub in Sofia. During the meeting, the bank's investment plan was presented and, according to Dr. Bittner, 400
Economist Galina Kolev: Bulgaria’s economy is very attractive with its orientation towards new technologies Photo: iwkoeln.de (more…)
