As recovery from the recession gathers pace, Bulgaria is to bring back incentives for investors in golf courses, malls, hotels and spa complexes.
A new programme of incentives will be provided under amendments to the Law for encouraging investments, which will offer a wide range of bonuses for investors in projects that are worth over BGN 100000 and create at least 200 jobs.
The package includes the issuing of an investor’s certificate, the sale of land plots at a minimum price, fast administration services and covering of expenses for the installation of electricity and water channels.
Prior to the economic crisis, Bulgared proved to be fertile territory for the malls and discount retailers developing on Bulgarian soil and the country is expected to see their boom through 2010.
Retailers, including Carrefour, Lidl, KG of Germany and Slovenia’s Mercator, want to shore up flagging sales at home by expanding in Bulgaria, which offers better growth prospects than neighbors, whose more developed markets are becoming saturated, while investors enjoy lower wages and costs.
Golf was considered a sport of the capitalist elite and banned in Eastern Europe under the rule of communist regimes - but in the 20 years since the Berlin Wall has fallen there has been a renaissance of the game in the region.
With rising disposable income and an increasing interest in leisure pursuits, a growing number of courses, more television coverage and availability of EU funds, the future of the industry in Eastern Europe is bright.
Bulgaria is one country where the sport is on the up as it tries to fulfil the increasing domestic demand and attract more tourists to the region..
Bulgaria’s government expects the economy to grow about 1% in 2010 after shrinking 5.1%. That compares with an estimated 0.2% contraction in Hungary, and growth rates of 0.6% in Slovenia and 1.3% in the Czech Republic.
A new programme of incentives will be provided under amendments to the Law for encouraging investments, which will offer a wide range of bonuses for investors in projects that are worth over BGN 100000 and create at least 200 jobs.
The package includes the issuing of an investor’s certificate, the sale of land plots at a minimum price, fast administration services and covering of expenses for the installation of electricity and water channels.
Prior to the economic crisis, Bulgared proved to be fertile territory for the malls and discount retailers developing on Bulgarian soil and the country is expected to see their boom through 2010.
Retailers, including Carrefour, Lidl, KG of Germany and Slovenia’s Mercator, want to shore up flagging sales at home by expanding in Bulgaria, which offers better growth prospects than neighbors, whose more developed markets are becoming saturated, while investors enjoy lower wages and costs.
Golf was considered a sport of the capitalist elite and banned in Eastern Europe under the rule of communist regimes - but in the 20 years since the Berlin Wall has fallen there has been a renaissance of the game in the region.
With rising disposable income and an increasing interest in leisure pursuits, a growing number of courses, more television coverage and availability of EU funds, the future of the industry in Eastern Europe is bright.
Bulgaria is one country where the sport is on the up as it tries to fulfil the increasing domestic demand and attract more tourists to the region..
Bulgaria’s government expects the economy to grow about 1% in 2010 after shrinking 5.1%. That compares with an estimated 0.2% contraction in Hungary, and growth rates of 0.6% in Slovenia and 1.3% in the Czech Republic.
For advice, assistance and information about Moving to Bulgaria, we recommend that you visit our website at MovetoBG.com - and for accommodation options, resources and services, we suggest Bulgaria Gateway
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