- Posted by bmbklub
- On 07/08/2018
- 0 Comments
The Bulgarian economy is growing at a stunning pace and exports are booming, while its business-friendly environment and well-educated local workforce are a magnet for foreign investments. More and more foreign companies are going there, making significant investments as they open new production units and branches. At the same time, a growing number of Bulgarian companies are opening their wings, conquering foreign markets and significantly increasing their exports.
Euronews journalist Apostolos Staikos explains that a growing number of investors describe Bulgaria with one phrase: “Open for Business”.
The Bulgarian capital Sofia is a modern, vibrant European city and an economic metropolis of the Balkans.
In 2017, Bulgaria’s GDP amounted to 50.4 billion Euros, while economic growth reached 3.6%. At the same time investment grew by 3.8% and exports reached 25.8 billion Euros.
The European Commission is predicting economic growth for Bulgaria of just under 4% per cent for 2018, followed by a similar rise in 2019.
Bulgaria’s economic achievements have come after much hard work, which has led to an investment-friendly business environment.
Some companies saw an opportunity long before Bulgaria became an ‘economic success story’. Ubisoft, a French video games enterprise, opened its studio in Sofia in 2006 and started with just 11 employees.
But it’s not just foreign companies investing in Bulgaria and creating new jobs. Walltopia, a Bulgarian company which exports its products all over the world, has taken advantage of a top quality local workforce and expanded exponentially.
One thing is for sure. A growing number of foreign companies are coming to Bulgaria and investing there, while local entrepreneurs are expanding their activities and conquering foreign markets.