“Bulgaria is seen by some investors as an attractive low-cost investment destination, with government incentives for new investment. The country offers some of the least expensive labor in the European Union (EU) and low and flat corporate and income taxes. Labor shortages and inflationary pressures, however, have increased wages and domestic prices,” reads a US Department of State report on the investment climate in Bulgaria in 2023. The report points to problems such as labour shortages, inflation, the increase in wages and domestic prices, the lowest labour productivity in the EU and rule of law. “There are no legal limits on foreign ownership or control of firms. With some exceptions, foreign entities are given the same treatment as national firms and their investments are not screened or otherwise restricted,” the analysis reads.
“The war in Ukraine disrupted supply chains, contributed to domestic inflation, and made investors more cautious, but it also creates opportunities in Bulgaria to effectively consolidate supply chains through nearshoring,” the US Department of State report reads.
Twenty-five bar associations from across the country have called on the Supreme Judicial Council, which has an expired mandate, to suspend the process of electing a new Prosecutor General and a new President of the Supreme Administrative Court. They..
"The calls to suspend the procedure for the election of the President of the Supreme Administrative Court and the Prosecutor General are a call for the Supreme Judicial Council to violate the Constitution, which is unacceptable," the Supreme Judicial..
President Rumen Radev has called on Bulgarian politicians and parties to resolve their "family issues" and restore Bulgaria's leadership in the Balkans "in a broader regional perspective". "It is high time to take our heads out of the sand, stop..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication..
A fire broke out in the Varna office of a party which was represented in the last National Assembly and which is contesting the forthcoming elections on 27..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
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