Bulgaria Cuts Twice Threshold for Investor Certificates

Business » FINANCE | March 4, 2009, Wednesday // 00:00| Views: | Comments: 1
  • Send to Kindle

First-class investor certificates, the highest investor rank in Bulgaria, will be awarded to companies with a minimum investment volume of BGN 32 million, not BGN 70 million, the government decided on Wednesday.

The investment volume for a second-class investor certificate is decreased from BGN 40 million to BGN 16 million.

Investors in municipalities, whose unemployment rates are equal or higher than the average for the country, will land first-class certificates and be promoted by means of various measures if they make an investment of at least BGN 16 million, down by at least BGN 20 million from the current levels.

The investment volume for a second-class investor certificate in these municipalities goes down from BGN 20 -25 million to BGN 8 million.

The government said that the cut in the threshold by more than two times will help create new jobs, fuel the economic development and reduce differences between regions across the country.

Finance » Be a reporter: Write and send your article
Tags: investor, certificate, first-class
Expats.bg All Are Welcome! Join Now!
Advertisement
Advertisement
Please, log in to post a comment.
» To the forumComments (1)
#1
ednpaz - 7 Mar 2009 // 12:38:56

Can someone please tell me what an Investor Certificate is and what it does for the investor. We will soon be in one of the categories and would like to know how we go about getting a certificate, and more specifically what advantages we will hold once we have the certificate.

Thank you very much.

Barbara Paz

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria