Attractive opportunities in Bulgaria

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Bulgaria Overview

Bulgaria has not lost touch with its glorious legacy. The country is the oldest surviving State in Europe that has still kept its original name, which was given to the country by the Bulgars, when they invaded South Danube in AD 681. Most people of the present day Bulgaria are the descendants of Bulgars.

Bulgaria is a scenic country with long coastline of over 370 km (232 miles) along the Black Sea and picturesque mountains dotting the country’s landscape. With low cost of living and extensive mountainous area at its disposal, Bulgaria is emerging as a hot bargain ski destination.

The Black Sea Coast offers some stunning sandy beaches and hundreds of inviting resorts for a perfect seaside family holiday. If you are an aquatic sports’ lover, then Bulgarian long coastline has plenty to offer.

The country is known for its rich folklore traditions, which are evident from the diverse folk dances, music, costumes and rituals prevalent in different parts of Bulgaria. The towns and small Bulgarian villages are strewn with country’s rich history and culture left by around 500 years of Ottomans’ rule. The visitors can also experience the famous Bulgarian spirit and hospitality by staying in one of these towns or villages. The country is also a former satellite of the erstwhile Soviet Union, which has only added to its already rich cultural heritage.

Bulgaria slowly began its democratic shift in late 1989, and soon Zhelyu Zhelev was elected the first President of democratic Bulgaria in 1990. Then in 1991, the country adopted its Constitution and the following years saw the restoration of political parties, privatisation and restitution of land. Bulgaria shifted its loyalties to NATO in March 2004 and finally, joined European Union in January 2007.
10 reasons to invest in Bulgaria
  1. Political and Economic Stability. Bulgaria experienced tremendous economic growth prior to its entry into the European Union and is one of Europe's fastest growing economies, with a 5.9% Real G.D.P. growth rate in 2006.The currency is stable and linked to the Euro. There is an established and fast growing tourist industry. Furthermore the country has a very competitive and highly skilled labour force when compared to the rest of Europe.
  2. Lower Cost of Living. For example, you will pay over 50% less on your everyday expenses than you would in the UK.

  3. Climate. The temperatures vary from 21°C in May to 20°C in October with highs of 28°C to 36°C in July and August. The sea temperature is warmer than the Mediterranean with crystal clear waters and fine sandy beaches.
  4. Easy Access. Just over 3 hours flight away from most UK airports.
  5. Tax Incentives. Bulgaria offers tax incentives for investing in depressed regions. Based on the amount of your investment, your project will fall into one of a number of categories. These categories are entitled to different forms of aid and assistance. Bulgaria currently imposes a mere 15% corporate profit tax.
  6. Low Prices. Bulgaria has one of the lowest property prices in Europe. For example, Spain resort areas - €3,000/€3,500 per sq m unfurnished; in Bulgaria our offer is between €1,100 per sq m and €1,325 per sq m fully furnished and totally inclusive of all charges. In comparison to prices in other sought after locations, Bulgaria is considerably cheaper and are set to increase.
  7. Exchange Rate. The Bulgarian currency the LEV was linked to the Deutschmark in 1998 and thereafter it was secured against the Euro in 2001, with the result that there are only very minimal fluctuations in the value of the currency against the Euro.
  8. A Warm Welcome. English is spoken in all the resort areas, you will find Bulgarian people to be very genuine and welcoming where they are well-known for their kind hospitality to foreign visitors.
  9. Member of EU and Nato. Bulgaria joined the EU on 1st January 2007 and Nato on 29th March 2004.
  10. Infrastructure. Bulgaria has been pouring millions into improving its existing infrastructure while also building new structures that make it easier to access the more touristy areas of the country.
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