Our offices

Central and Eastern Europe have attracted strategic initiatives for many years. Its geographical location between Western Europe and Asia, its various political systems and aspects, as well as its intellectual richness give a strategic meaning to this part of the world.

Bulgaria

Market information
 

  • Bulgaria has been a Member of the European Union since 2007.
  • The country is at the crossroads of Western Europe, Central and East, Central Asia and the Middle East.
  • Bulgaria is an attractive country for foreign investors.
  • The economic forecasts of the International Monetary Fund and the European Commission announced an acceleration of Bulgarian growth from 2014.
  • The country decided in 2014 to focus on social policy, public investment and reform education.
     

France is a modest investor in Bulgaria (578.7 million Euros of FDI stocks), even if the French presence there is growing: about 160 French offices now employ 10,000 people, with strong positions in the financial sector, environmental services, retail and industry.

Although the opacity of the Bulgarian market can sometimes alienate French companies, there are many opportunities. The marked improvement of Bulgarian absorption capacity of EU funds (65.5% at the end of 2014) should have a significant impact in terms of growth and generate opportunities for the French companies, particularly in the field of water and transport infrastructure.

 

Strengths

  • Developed infrastructure
  • Two major seaports: Varna and Burgas
  • A low deficit and public debt
  • Bulgarian lev (LEV) pegged against the Euro (EUR) since 1997
  • A low tax rate
     

Weaknesses

  • A high unemployment rate
  • A negative trade balance, including energy and food
  • A strong energy dependence

 

  FACT SHEET
Capital
Sofia
Surface area
110 911 km²
Population
7.2 million inhabitants
Currency
Bulgarian Lev (LEW)
GDP Growth
3 % in 2015
Per capita GDP
7 648 USD in 2014
Corporate taxes
10 %
Social security contributions
30 %
Working week
40 hours / week
Paid leave
20 days / year
Country COFACE notation
B
Business environment
A4
French subsidiaries
-