Send to Kindle
File photo of the Kulata border crossing point between Bulgaria and Greece
The number of fully Greek-owned companies in Bulgaria increased by 72% year on year in 2011, Bulgaria's National Revenue Agency has revealed.
The same year saw a 50% increase in the number of Romanian companies in the country.
A total of 3781 corporate income tax returns were submitted by Greek company owners in Bulgaria in 2011, as compared to 2199 back in 2010. 1535 of all Greek companies in the country are based in the Southwestern region of Blagoevgrad, while 1381 are in Sofia.
The number of Romanian companies increased from 272 to 401.
The largest number of Romanian companies are registed in the Danube city of Ruse, which is only 60 km south of Bucharest – a total of 169. Another 121 Romanian firms are based in Sofia, and 21 are based in the Black Sea city of Varna.
According to officials of the Bulgarian National Revenue Agency, the growing number of businesses from Romania and Greece to Bulgaria is primarily due to the country's low taxes and stable economy.
Bulgaria currently has the lowest tax burden in the entire European Union, including flat 10% corporate and income tax rates.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amid escalating tensions on its borders and a significant increase in the Ministry of National Defense budget, Romania is discreetly preparing for the reintroduction of compulsory military service
In a strategic move aimed at bolstering their defense capabilities, Romania and South Korea have embarked on negotiations for joint arms production, signaling a significant milestone in their bilateral relations
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
Romanian media outlets have reported that storm "Renata" has made landfall in Romania, bringing with it strong winds and heavy precipitation. Following two weeks of record high temperatures, the mercury has plummeted by 15-20 degrees Celsius, as reported
A nationwide strike in Greece has brought the country's transport networks to a standstill, affecting railways, ferries, buses, taxis, and more
In a bold move to amplify their demands for higher wages and better working conditions, journalists across Greece have embarked on a 24-hour strike, effectively halting news broadcasts for the duration
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
