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Business Climate in Bulgaria


Bulgaria is a country situated in Southeastern Europe, with a population of 7 ,000, 039 citizens living on an area of 111.000 square kilometers. The country’s capital is the city of Sofia in which around 1,5 million Bulgarians reside.

The Bulgarians live in 265 municipalities. 

The national currency is the Bulgarian Lev and around 1.96 Bulgarian Levs make 1 EUR.

Some basic economic stats include: 

  • Inflation rate in 2018: 2,6%
  • Direct investments in 2018: 180.17 Million EUR
  • The growth rate of the Gross Domestic Product (GDP): 3.2%
  • Number of active businesses: 326 660

Index of Economic Freedom Rank: 36

The distinguished Index of Economic Freedom, an annual guide published by The Heritage Foundation, gives Bulgaria economic freedom score of 70,2 This gives the country an overall worldwide rank of 36 and puts Bulgaria 19th among 45 countries in the European region. The overall score is approximately equal to the regional average and well above the world average.

World Bank, Doing Business Rank: 61

The World Bank, Doing Business Report ranks Bulgaria in 61st place for doing business on the world ranking. The country is given a score of 72,0 and a ranking of 113 for starting a business in 2020.

Basel Institute, AML Index Rank: 120

The Basel Institute of Governance ranks Bulgaria on 120 rankings position. Please note that the highest-ranking position shows that the country is having a higher risk of money laundering and terrorist financing.

Do you think Bulgaria is a good place for your business?
If yes, we will help you establish your business in Bulgaria. All you need to do is to follow these steps:

Step 1: You send us an email

on contact@thybusinessguide.com

I want to open a company in Bulgaria.
Refer me to someone that will get the job done, fast and professionally.

Step 2: We get back to you with a referral

We will contact you immediately with a couple of options and what price to expect. This way you won’t get overcharged. Also, we will provide you with a special code for which you will get a discount. This code will also let our referral know that if he/she is not acting as they presented us, they will lose a major leading source.

Step 3: You contact the referral

When asking details about the fees, timeline and other aspects for the professional engagement, it is very important to present our referral with the code we give you. We also strongly suggest cc’ing’ our email as we can follow if our referral is professional as he/she promised to be. 

Step 4: You let us know how it went

This is the only thing we ask. By giving us a review of how our referral worked for you, we will be able to know if we should give them more business, or take them from our list. They know that if they get bad reviews from our clients, they won’t get new clients from us. This is how we make sure that they do what they told us they will.