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Business Environment in Bulgaria
Business Environment in Bulgaria
General Info
AREA: 111, 000 sq. km
POPULATION: 7,801,273
CAPITAL: Sofia ( pop. 1.1 M )
LARGEST CITIES: Sofia, Plovdiv, Varna, Bourgas, Rousse
GOVERNMENT: Parliamentary Republic
PRESIDENT: Georgi Parvanov
PRIME MINISTER: Simeon Saxe-Coburg Gotha
Business Environment
• Stability of political and economical life in the country.
• Good level of regulatory environment.
• Combination of currency board and centralized state management.
• External debt payments: 1-1.5 bln.$ in 2000-2006.
• The positive economic indicators further raise the credit ratings of Bulgaria.
• Total pharmaceutical market in Bulgaria for 2004 is estimated to Euro 600 mln. at retail prices.