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The Number of Romanian Businesses in Bulgaria Soars Sevenfold

Date: 06.07.2011

Pessimism has swayed the minds of the Greeks despite the assurances of their Government that within a couple of years the economy of the country will stabilize. In search for better business opportunities many Greeks start companies in Bulgaria.

Lured by the low corporate tax in Bulgaria, many Greek and Romanian businessmen have filed documents to register their companies and enterprises here. Recent statistical data show that the number of Romanian companies which filed corporate tax returns for 2010 has increased by 8.2 % since 2006.

According to information of the national revenue agency, 272 Romanian companies have filed papers to have their profit for 2010 taxed here, while in 2006 they were only 33. The state collector also makes it a point that 2 074 Greek companies have filed corporate tax returns for 2010 in Bulgaria, which is almost a twofold increase since 2006, when only 733 Greek business entities filed tax returns in Bulgaria.

Reuters

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