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Bulgaria touts EU gateway to Chinese funds
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BULGARIA is seeking Chinese investment by touting itself as “a gateway to the European market,” Bulgarian officials said yesterday in Shanghai at an investment forum.
“Chinese investment is welcome to Bulgaria, and through our country, people can easily access the European market,” said Kostadin Djatev, deputy executive director of the InvestBulgaria Agency.
Bulgaria welcomes Chinese companies to invest in its machinery, electronics, tourism, agriculture and food processing industries.
“Bulgaria offers low tax, quality workforce, low operational costs, strategic location, stable fiscal and economic policies, (and) moderate climate,” Djatev added, stressing the country has the European Union’s lowest corporate income tax rate of 10 percent, and industries in high-unemployment areas are granted zero tax rate.
By last year, Bulgaria has one of the lowest government debts in the EU of 18.9 percent and a budget deficit of 1.5 percent.
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