9. In its annual 2002 report, the European Commission assessed Bulgaria as a fully functional market economy, with a high degree of macroeconomic stability and working market mechanisms. In its annual 2002 report, the European Commission assessed Bulgaria as a fully functional market economy, with a high degree of macroeconomic stability and working market mechanisms. The Bulgarian economy is working under currency board (1 Bulgarian Lev=1.95583 Euro), which provides for a stable and predictable macro economic environment. Careful fiscal discipline and strong foreign investment has provided for sustained economic growth for the last 7 years. The expected economical growth (GDP per capital) is about 5 percent per year. The state owned section of the Bulgarian economy is about 20 percent. With many local and foreign investments, the financial system is stable and banks are expanding their landing.
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13. Foreign investment in Bulgaria has never been so dynamic and so massive. During recent years, a significant number of international companies have opened offices in Bulgaria, just to name a few: Solvay, Umocore, Italcemente Group, Liebherr, Kraft, Nestle, American Standard, Philip Morris, Metro, Lindner, Praktiker and SAP.
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17. Not only is the quality of life in Bulgaria good, but the cost of living is one of the lowest in Europe. A meal for two, made from organically pure products and including a bottle of nice wine will not cost you more than seven or eight Euros.
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19. There are 7 steps you should learn before you start a business in Bulgaria 1. What can I do? It is important to know what you are good at. So you may know what business can you start. Do you have any capabilities and skills in driving, sewing, cooking, fixing electrical appliances and so on?
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23. In the first year after the beginning of the project you should focus on the balance between costs and revenues. In a long term plan you should expand your business and increase the amount of sales. 5. What do I want to accomplish? In its annual 2002 report, the European Commission assessed Bulgaria as a fully functional market economy, with a high degree of macroeconomic stability and working market mechanisms. The Bulgarian economy is working under currency board (1 Bulgarian Lev=1.95583 Euro), which provides for a stable and predictable macro economic environment. Careful fiscal discipline and strong foreign investment has provided for sustained economic growth for the last 7 years. The expected economical growth (GDP per capital) is about 5 percent per year. The state owned section of the Bulgarian economy is about 20 percent. With many local and foreign investments, the financial system is stable and banks are expanding their landing.
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