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Bulgaria's Black Sea city Varna with favorable business climate

Date: 06.10.2008

Bulgaria's Black Sea city of Varna is emerging as a prime destination for international businesses to locate, according to a research of Colliers International.

According to the consulting company, the Bulgarian "Black Sea capital" Varna is reported to be especially suitable for research and development activities, IT business, and opening of call centers.

Its main advantages include lower investment costs than capital Sofia, good infrastructure, and a sufficiently qualified labor force, thanks to the technical and economy universities in the city.

In addition, Varna has a well-developed transport sector with a busy airport; it also located at the easternmost end of the Pan-European Transport Corridor No. 8.

Its services sector is rather advanced thanks to the over five million tourists, who visit the city every year. Varna's location close to leading sea resorts such as Golden Sands, its recreation opportunities, and rich cultural heritage are also seen as advantages.

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