WHY BULGARIA?

WHY BULGARIA?

Strategic geographic location

Bulgaria’s strategic geographic location serves as a bridge between the EU and the rapidly growing markets of Russia, Turkey, the Middle East and CIS countries, placing the country in the centre of transit between these regions. Five pan-European corridors pass through Bulgaria’s territory, including corridor № VII (the Danube river, connecting Bulgarian ports with the North Sea entirely by water) and TRACECA (TRAnsport Corridor Europe – Caucasus – Asia, connecting the country to Central Asia).

The agenda of the government to emphasize on the modernization of infrastructure in the coming years is set to reduce significantly the required time for transportation of cargo, placing the country in a pole position for attracting new investors interested in expanding their businesses in these geographies.

Located at the heart of the Balkans Bulgaria serves as a link to the following markets:

  • South-East Europe – Bulgaria is at the center of a 122 million inhabitant, high growth market
  • EU – Bulgaria is one of the lowest cost locations within the EU – representing a zero tariff access to a €800 mm market
  • CIS, Middle East and African markets

Five Pan-European corridors pass through Bulgaria’s territory : Transport Corridor IV, Transport Corridor VII, Transport Corridor VIII, Transport Corridor IX, Transport Corridor X, all five of them crossing Bulgaria’s second biggest city Plovdiv. TRACECA links Bulgaria with Central Asia through port Varna.
Due to its comprehensive infrastructure and strategic location Bulgaria is a competitive destination in serving global markets in terms of time and costs. Furthermore progressing projects in improving existing infrastructure are to reduce required time for transportation of goods.

As an EU-member Bulgaria applies favourable tariff and tax regulations

  • Bulgaria applies the EU tariff arrangements covering a market of more than half of the world’s population, including EFTA, Russia, Turkey, the Middle East and North Africa
  • Bilateral treaties for avoidance of double taxation with 68 countries, including all EU countries, Norway and Switzerland,  Russia and the CIS countries, Turkey, the Middle East and North Africa

Bulgaria has established a very comprehensive infrastructure

  • 6 Motorways, some under development
  • 230 Railway stations with capability for loading/unloading cargo
  • 4 international airports
  • 2 major seaports on the Black Sea
  • 4 major river ports on the Danube
  • 60 industrial zones, some under development

The infrastructure is constantly being improved

  • 70% of allocated road, rail and industrial zone infrastructure development funds are available
  • Over EUR 2 bln will be invested in Bulgaria under the Operational Program Transport
  • The 5 main motorways will be completed, the max speed supported by the railway tracks will reach 160 km/h
  • Ship transport conditions in critical areas on the Danube river are improving

Construction of several freight villages is planned.

Source: IBA

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