The Republic of Bulgaria, located in south-eastern Europe, was once part of the Communist Eastern Bloc. Today, it is a member of the European Union and NATO, and has a population of about 7.2 million.

According to Eurostat, Bulgaria in 2014 reached a Gross Domestic Product (GDP at purchasing power parity) per head of EUR 12,800. This makes it the poorest country in the region, below Romania (EUR 15,200) and Croatia (EUR 16,100).


mkt-bulgaria-banner-1

The country managed a swift turnaround after a steep decline in GDP following the financial crisis of 2009. Over the current decade, growth rates have been modest but positive. Despite many changes in political leadership, Bulgaria has improved its position in the World Economic Forum´s Global Competitiveness Ranking. It stands 54th out of 144 countries.

It is now an international centre for the outsourcing industry. Many known names belonging to multinational companies have set up shop in Sophia and operate call centres or perform other corporate services.

The country’s coastline along the Black Sea features two important harbours, Burgas and Varna. Both are part of the Trans-European Networks. The city of Rousse, located near the border with Romania and only about 80km from Bucharest, is Bulgaria´s largest Danube harbour and opens the way to western Europe.


 

© 2018 Global Oil & Fats Business Online – gofbonline.com

Top