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News: Bulgaria>> 800 Greek firms registered in Bulgaria in the first half of 2011
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800 Greek firms registered in Bulgaria in the first half of 2011
Business: Tuesday, 2011-07-05 10:41
Article by: Darik Radio
Some 800 Greek firms have been registered in Bulgaria in the first half of 2011, many of whom are said to have moved north because of the crisis in Greece. About as many more can be expected to be set up in Bulgaria by the end of 2011, according to a report, which reminds that the situation is similar with respect to Romanian-owned companies.
Firms from Bulgaria`s two EU neighbors Greece and Romania are said to be drawn to moving to Bulgaria not just by the taxes, which are the lowest in the EU, but also by macroeconomic stability, and cheaper labor, real estate properties, rents and transport services. While many of the newly registered Greek firms are solely set up for the purchase of property or car purchases, a number of them are actively developing businesses.
According to data of the Hellenic Business Council in Bulgaria, Greek firms employ about 82 000 people in Bulgaria. A Romanian citizen was recently revealed to be the largest physical tax payer in Bulgaria`s Danube city of Ruse.
Scope: Bulgaria
More: Business news foreign investment;
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news
- Shumen-based Carlsberg brewery starts again after temporary winter break
- Colossal project for extraction and processing of gold containing ores near Breznik
- Shumen municipality may terminate contarct with Israeli company for heating utility Toplofikatsia Shumen EAD
- Bulgarian ski resort operator Pamporovo raises its capital to BGN 1.61 million
- BG Parliament accepted the resignation of Prime Minister Boyko Borisov and his Cabinet
- SMS alert service notifies for any change in ownership of own property in the National Land Registry
- Vinprom Peshtera JSC is amomg the largest taxpayers in Bulgaria
- The government terminated concession contract for the sea beach Shkorpilovtsi - north
- The average monthly salary in Bulgaria - near EUR 415 for December 2013
- ABB Group reorders its organizational structure - merged units in Varna, Sevlievo and Rakovski
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