- EU member since January 2007
- Mining Law established 1999
- Source of base and precious metals since Roman times
- Emerging precious metals belt
- Highly skilled and affordable labour force
- Corporate tax rate of 10%
- Unrestricted transfer of profits and capital
Geographic Location and Population
Bulgaria is located in the central part of the Balkans. It is in Southeastern Europe at a strategic location near the Turkish Straits which controls key land routes from Europe to Middle East and Asia. The country borders the Black Sea (east), Romania (north), Turkey and Greece (south) and Serbia and Macedonia (west). Bulgaria has a population of over 6.9 million. Its capital, Sofia, which lies in the western region of the country, has a population of over 1.2 million. Ethnic groups include Bulgarian, Turkish, Roma, and others. The official language is Bulgarian.
Bulgaria is located in the heart of the Balkans and occupies an area famous with its traditions in mining and metallurgy. There are many mineral deposits and major occurrences distributed throughout the country. Bulgaria has a long established mineral resources industry which we believe provides opportunity for investors with a long term view into this emerging precious metals belt.
Founded in 681, Bulgaria is one of the oldest states in Europe. Bulgaria is a parliamentary republic and has been a member of the European Union since 2007. The National Assembly consists of 240 deputies who are elected for 4-year terms through a mixed electoral system. Parliament selects and dismisses government ministers, including the prime minister, exercises control over the government, and sanctions deployment of troops abroad. It is responsible for enactment of laws, approval of the budget, scheduling of presidential elections, declaration of war, and ratification of international treaties and agreements.
Tourism, agriculture, and the mining of coal, copper, and zinc are the leading industries. Bulgaria’s economic freedom score is 64.7, making its economy the 61st freest in the 2012 Index.