• Bulgaria's Textile Industry Expects Further Growth

    Bulgaria's textile industry is expecting further growth in 2014, reports Standart daily, quoting Radina Bankova, head of the Bulgarian Association of Producers and Exporters of Garments and Textile. Last year the sector posted an export growth of around 7-8%, reaching EUR 1.8 B – the highest since 2007. The turnover of the textile c

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  • EU Commission Allows Bulgaria to Use EU Funds for Sofia Tech Park

    Bulgaria has been given the thumbs up to spend BGN 83 M co-financed by the European Commission on the construction of Sofia Tech Park, officials say. Tuesday's approval from the EU Commission's Directorate-General for Competition comes after the money had remained frozen for months.

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  • Business In Bulgaria Pays Sixth Lowest Taxes In Europe

    Bulgaria has the sixth lowest overall taxes for medium-size companies in EU and the European Free Trade Association (EFTA), shows the Paying Taxes 2015 survey of PriceWaterhouseCoopers among 189 economies worldwide.

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  • The outsourcing business in Bulgaria has good perspectives

    The newly established Bulgarian Outsourcing Association made prognosis for a stable increase in the number of companies that plan to outsource their business to Bulgaria. These companies be registered in Sofia and could come from many spheres of activity.  The new association predicted that the increase in the number of companies will be around three times in the next five years.

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  • Tax planning in Bulgaria

    All good company managers know that once the company is registered they have to look for a good accountant or an entire accounting company that will take care of the taxes. The accountants will be able to plan all corporate taxes of the company.

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  • Running a business in Bulgaria

    Foreign companies and citizens that have an intention to run a business in Bulgaria should set up their own companies. The conditions for them to do so are the same ones that are applied to the Bulgarian citizens and are set in the Bulgarian Commercial Code. The legal forms of starting a business that are most popular are limited liability companies and joint s

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  • Outsourcing companies are looking towards Bulgaria

    For several years already Bulgaria keeps on being quite appealing for the outsourcing companies. This sphere of business in Sofia and the rest of the big cities in Bulgaria is generating significant income for the international companies that have decided to make this step. According to the British newspaper “Financial Times”, this sector employs more than&

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