Bulgaria ranks as the third most perspective destination in the world for locating manufacturing facilities.

This is revealed by the latest annual report of Cushman & Wakefield entitled “Where in the world? Manufacturing index 2015”, daily Sega informs.

Bulgaria climbed four positions compared to its ranking last year and is preceded only by Vietnam and Tunisia in the group of countries identified as “rising stars”.

There is a separate ranking for the countries, which have established themselves as manufacturing destinations.

This ranking is topped by Malaysia, followed by Taiwan, China, the USA, South Korea, Canada, Singapore, Turkey, Thailand and Indonesia.

Countries are assessed and ranked according to three sets of criteria – market operating conditions, risks and operating costs.

Bulgaria ranks best on operating costs due to its cheap labour force and low taxes, while on the other two criteria it does not fare so well.

The criteria under risks include the likelihood of natural disasters as well as economic, corporate and energy risks.

The criteria featured under conditions are quality of the labour force, logistics and access to markets, business environment, time to first supply and sustainability/corporate responsibility.

Among the most perspective destinations for locating manufacturing facilities are also Lithuania, the United Arab Emirates, Estonia, Costa Rica, Peru, Sri Lanka and Ukraine.