About Bulgaria
Bulgaria Is Offshoring Destination of the Year 2015 at the NOA Awards
The National Outsourcing Association Awards (NOAAs) recognise and celebrate the efforts of companies and countries who have demonstrated very best practice in outsourcing

Bulgaria Factsheet
110,994 sq km
Area
7,000,039
Population
Bulgarian lev (BGN), pegged to the euro at BGN 1.95583
Currency
EET (UTC+2)
Time zone
Sofia (Population: 1 678 041 incl. the surrounding region)
Capital
Plovdiv, Varna, Burgas, Ruse
Other Major Cities
Bulgarian
Language
Parliamentary Republic
Form of government
Corporate tax 10%
Personal income tax 10%
VAT - 20%
Taxes
EU, IMF, NATO, UN, WTO
Membership
10%
High-technology exports, share of manufactured exports, 2018, World Bank Data
Macroeconomic indicators

EUR 60,674 bln

GDP (2019)
3.4%

GDP Real Annual Growth Rate (2019)
EUR 7,983

GDP per capita (current prices)(2018)
EUR 29.093 bln

Exports (2019)
EUR 1.092 bln
FDI (2019)
2.50%
Average Annual Inflation (2019)
22.30%
Govenment debt as % of GDP (2018)
3.375 million

Labour Force (2019)
4.20%

Unemployment rate (2019)
EUR 651

Average Monthly Wage (2019)
65.67%

Demographic replacement rate (2018)

Business and labour settlements
Starting a business
23 working days
Working time
21 days per month, 250 days per year
Annual paid leave
20 working days per year, min
Public holidays in 2020
13 days
Internet penetration
72.1%
Internet speed
Mobile:
65.09 Mbps download
17.19 Mbps upload
Fixed Broadband:
54.53 Mbps download
44.20 Mbps upload
Social security contribution
55/45 between employer and employee.
The employee part is 13.78% of the total cost, while the employer portion varies between 18.92% and 19.62%.
Labour contracts
Indefinite contract - indefinite duration, probation period up to 6 months, termination notice - 1 month
Term contract - up to 3 years duration, probation period up to 6 months, termination notice - 3 months
Overtime and compensation - max 150 hours per year
Maternity leave
Up to 3 years, with a small emlpoyer contibution.
First year - the state pays 90% of the gross salary, up to fixed amount;
Second year - the state pays BGN 380 per month
Third year is without payments by the state
Bulgaria in International Rankings
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