In 1997 a Currency Board was established. The Bulgarian currency, the Lev was tied to the Euro (it is expected to formally adopt the Euro in 2011);
Bulgaria is a NATO and European Union member which is an indicator for high degree of macroeconomics and political stability, budget surplus, low inflation;
GDP growth of 6.3% reaching the highest in Eastern Europe;
Foreign direct investment at EUR 6 billion of GDP in 2008;
Most competitive quality of human capital with highly-skilled and educated multilingual workforce, especially in engineering field;
Free trade agreements with the EU preferential trade partners, including EFTA, Turkey, Mediterranean countries, Western Balkan countries, South Africa, Mexico, Chili, etc.;
10% corporate income tax rate
10% personal income tax
VAT exemption on equipment imports for investment projects over EUR 5 million;
Annual depreciation rate of 30% for machinery & equipment, 50% for new equipment used in new investments and 50% for software and hardware;
Agreements on mutual protection and promotion of foreign investment with 60 countries
Treaties for avoidance of double taxation with 62 countries;
Acquisition of land and property through a Bulgarian registered company with up to 100% foreign ownership;
