About Bulgaria
Bulgaria Factsheet
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110,994 sq kmArea
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6,916,548
Population
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Bulgarian lev (BGN), pegged to the euro at BGN 1.95583Currency
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EET (UTC+2)Time zone
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Sofia (Population: 1 445 481 incl. the surrounding region)Capital
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Plovdiv, Varna, Burgas, Ruse
Other Major Cities
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BulgarianLanguage -
Parliamentary RepublicForm of government -
Corporate tax 10%
Personal income tax 10%
VAT - 20%Taxes -
EU, IMF, NATO, UN, WTOMembership
Macroeconomic indicators
EUR 97.5 bln
GDP (2024)
1,9%
GDP Real Annual Growth Rate (2024)
EUR 14,690
GDP per capita (current prices)(2024)
EUR 44.4 bln
Exports (2024)
EUR 3.284 bln
FDI (2024)
2,4%
Average Annual Inflation (2025)
23,7%
Govenment debt as % of GDP (2024)
3.064 mln
Labour Force (2024)
4,3%
Unemployment rate (2024)
EUR 1,018
Average Gross Monthly Wage (2024)
1.51
Тоtal Fertility Rate (2024)
Business and labour settlements
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Starting a business
23 working days
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Working time
21 days per month, 250 days per year
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Annual paid leave
20 working days per year, min
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Public holidays in 202013 days -
Internet penetration72.1% -
Internet speedMobile:
65.09 Mbps download
17.19 Mbps upload
Fixed Broadband:
54.53 Mbps download
44.20 Mbps upload
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Social security contribution55/45 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%.
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Labour contractsIndefinite 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
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Maternity leaveUp 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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