Bulgaria has a strategic geographic location in South-East Europe. It offers direct access to markets like EU, Russia, Turkey and The Middle East, as 5 Pan-European transport corridors pass through the country. Over the entire eastern border is the Western shore of Black sea – very important economic connection via two big ports.
the capital of Bulgaria and also the largest city, is the financial, educational, cultural, business and commercial center and the biggest city-economy in Bulgaria. The population exceeds 1,3 Million. Sofia's economy is growing rapidly and according to Best-performing Cities, Europe 2017, Milken Institute the city was ranked in top 10.
Sofia remains one of the most preferred locations in the country. According Colliers International in 2019, the average sales price for two-bedroom apartments ranged from €145 000 to €180 000 and for three-bedroom apartments – from €210 000 to €250 000. Sofia's Southern districts are currently experiencing strong interest from both locals and foreign buyers.
Over 50% of the population in Sofia has a university degree, which comes as no surprise, considering that 23 universities are located in the city. Sofia provides highly-skilled workforce and high level of language fluency, especially in English, German, Russian and French. The rate of unemployment in Sofia is the lowest in Bulgaria.
The city has a well-developed public transport network, including busses, trams, and still expanding underground rail transport. The airport is 20 minutes away from the center and a flight to most of the EU destinations will take less than 3 hours.
Bulgaria in general and Sofia in particular offer very low corporate taxes at the wage of 10%. As well, companies registered in Bulgaria can access EU funds. For this reason more and more companies are outsourcing their services to Bulgaria, many of them in the IT, HR and finance sector.