Market Research In Bulgaria

Bulgaria Profile:

  • Bulgaria officially known as the Republic of Bulgaria present in in south Eastern Europe.
  • Bulgaria is a unitary parliamentary republic with a high degree of political, administrative and economic centralisation. The country plays an important role in promoting regional security.
  • Bulgaria is a member of the European Union, NATO, and the Council of Europe; a founding state of the Organization for Security and Co-operation in Europe (OSCE); and has taken a seat at the UN Security Council three times.
  • Bulgaria is one of the most corrupt European Union members and ranks 75th in the Corruption Perceptions Index.
  • The government focus on fighting against corruption because of the EU accession, and several anti-corruption programs have been undertaken by different government agencies.

Bulgaria Economy:

  • Bulgaria is a former communist country and has an open economy that has demonstrated strong growth, but its per-capita income remains one of the lowest among EU members
  • The country’s reliance on energy imports and foreign demand for its exports makes its growth sensitive to external market conditions.
  • Real GDP growth remained slow – less than 2% annually – until 2015, when demand from EU countries for Bulgarian exports, plus an inflow of EU development funds, boosted growth to more than 3%.
  • Low international energy prices in recent years have contributed to Bulgaria’s economic growth and helped to ease inflation; but, in 2017, rising international gas prices could dampen Bulgaria’s growth prospects.
  • Corruption in public administration, a weak judiciary, low productivity, and the presence of organized crime continue to hamper the country’s investment climate and economic prospects.

Bulgaria Facts:

  • Population: 7.1 million
  • Capital: Sofia
  • Largest city: Sofia
  • Area: 110,879 sq km
  • Major language: Bulgarian (official) 76.8%, Turkish 8.2%, Romani 3.8%, other 0.7%
  • Major religion: Eastern Orthodox 59.4%, Muslim 7.8%, other 1.7%
  • Life expectancy: 71.4 years (Male), 78.2 years (Female)
  • Monetary unit: 1 Lev(BGN) = 100 Stotinki
  • Main exports: Clothing, footwear, iron and steel, machinery and equipment, fuels, agriculture, tobacco, IT components
  • GNI per Capita: $19,460

Our Market Research Services in Bulgaria:

We Employ A Wide Range of Research Techniques in Bulgaria:

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