Business


The country is working hard to align its laws with European Union Standards, in the hope of gaining EU membership in 2007. Officially the business environment in Sofia and in Bulgaria as a whole is improving GDP growth was 5 % in 2005 and unemployment in the city was one of the lowest at the end of 2005.

The Bulgarian government is keen to attract foreign investors and has passed new laws to protect and assist foreign businesses, attracted primarily by a highly qualified, computer literate labour force. The main business districts in Sofia are located on Vitosha Boulevard and in the Sveta Nedelya area.

English is generally well understood, although employing an interpreter will help business visitors minimize the risk of misunderstandings. It is important that visitors should note that that nodding of the head means 'No', while shaking the head means 'Yes'.

Standard office hours are 09:00-18:00 h, banks close at 15:00 h.






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