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Bulgaria – country profile Economic overview of Bulgaria 6 March 2014

Bulgaria – country profile Economic overview of Bulgaria 6 March 2014. Focus on Bulgaria. Member of EU, NATO and WTO Strategic geographical location and openness to foreign markets: crossroad between Europe, Asia and Africa Competitive labour cost and favourable taxes in the EU .

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Bulgaria – country profile Economic overview of Bulgaria 6 March 2014

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  1. Bulgaria – country profile Economic overview of Bulgaria 6 March 2014

  2. Focus on Bulgaria • Member of EU, NATO and WTO • Strategic geographical location and openness to foreign markets: crossroad between Europe, Asia and Africa • Competitive labour cost and favourable taxes in the EU BULGARIA SOVEREIGN CREDIT RATINGS BBB-Negative 13.12.2013 Baa2-Stable 22.07.2011

  3. Economic structure GDP: High growth, small contraction in 2009, moderate pace after 2010 Rapidly growing GDP per capita Source: Eurostat Source: National Statistical Institute

  4. Economic structure (2) Diversified structure of GDP Source: National Statistical Institute

  5. Financial stability Bulgaria has one of the lowest budget deficit (-0.8%) – 6th place in the EU Source: National Statistical Institute

  6. Financial stability (2) Bulgaria has the SECOND lowest government debt (18.5%) in EU Source: National Statistical Institute

  7. Export and Import of goods Significant increase in export – average over 11% yearly TOP 10 Bulgarian partners in Export and in Imports Export Import 2012, Million Euro Source: Bulgarian National Bank

  8. Export and Import of goods (2) Largest share of manufactured goods, fuels and machinery Source: National Statistical Institute

  9. Export and Import of goods (3) BULGARIA RANKS IN WORLD EXPORT OF 2nd place Sunflower seeds 3rd place Unrefined copper 4th place Zinc plates and foil 8th place Yarn of wool 10th place Unwrought lead 11th place Wheat 12th place Vermouth & grape wine flavoured with substances Source: Intracen, 2012

  10. Foreign direct investment FDI flows in 2012 amounted about 1,5 Billon Euro Source: Bulgarian National Bank

  11. Competitiveness After accession of Bulgaria to the EU, the country’s position has improved - 22 places up Source: World Economic Forum

  12. Taxation Bulgaria is the 7th least tax burden country in Forbes ranking of “Tax misery and Reform Index”

  13. Labour cost Bulgaria has the most competitive labour cost in EU Source: Eurostat

  14. Internet speed Bulgaria ranks 8th place in top-speed internet access according to Akamai's World Report Q1 2013

  15. Thank you for attention! Tsvetan Simeonov President of the BCCI Bulgarian Chamber of Commerce and Industry9 Iskar str.,1058 Sofia, BulgariaTel: (+359 2) 8117 400 Fax: (+359 2) 987 32 09Website: www.bcci.bgE-mail: bcci@bcci.bg

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