Bulgaria Sees Large Increase in Greek, Romanian Companies 2011
Business | June 28, 2012, Thursday // 11:59
- Tweet
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.
The Power of Knowledge Lies in Its Use
Dr. Boyko Takov: Analytical and empirical results from ongoing projects constitute a solid information base
Business | April 9, 2026, Thursday // 18:21
Up to 90% of Construction and Renovation Workers in Bulgaria Work Illegally
Up to 90 percent of construction and renovation workers in Bulgaria are operating outside the legal framework, according to entrepreneur Lozan Lozanov, who raised concerns about the lack of regulation in construction and installation services
Bulgaria Publishes 7,000 Public Contracts Worth Over €30 Billion in Transparency Push
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
The Best Mobiles for Slot Gaming: What to Look For and Why It Matters
Mobile slot gaming has exploded in popularity, and it’s easy to see why.
Business | April 9, 2026, Thursday // 11:39
Bulgaria Expects Fuel Price Drop as Oil Falls 20%, Says Finance Minister
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Boris Azarenko: Profile of a Vesper Co-Founder
Boris Azarenko is an entrepreneur whose professional background lies in banking and finance and who later founded major property development businesses.
Business | April 8, 2026, Wednesday // 14:23
