Indian Industry

Country Profile

Bulgaria
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Bulgaria, the balkans nation, is the esteemed member of the European Union and NATO. In 1996, the country becomes member of the World Trade Organization. Situated on total 110,910 sq km area, bulgaria shares its borders with 5 other countries- romania from the northern side, serbia and the republic of macedonia to the western, greece and turkey from the south. It has 354 km long coastline. Its ethnic group includes- bulgarian, turkish, roma, and others. Bulgaria is working under the political framework of parliamentary republic. Here president is directly chosen for serving the office for 5 years with the right to one re-election. He is the head of state and commander in chief of the armed forces. The prime minister holds the office as the head of the council of the minister. With 7,262,675 population, bulgaria has achieved 98.7% & 97.7% literacy rate in both male and female groups.

Snapshot

Official Name - Republic of Bulgaria
Capital City - Sofia
Type of Government - Parliamentary Republic
Currency - Lev
Fiscal Year - Calendar Year
Official Language(s) - Bulgarian
Local Time - EET(UTC+2) & Summer(DST)- EEST (UTC+3)
International Dialling Code - +359
Internet Domain - .bg
Major Cities - Sofia, Plovdiv, Varna, Burgas, Ruse, Stara Zagora, Pleven, Veliko Turnovo
Major Industries - Electricity, Gas, Water, Food, Beverages, Tobacco, Machinery and Equipment, Base Metals, Chemical Products, Coke, Refined Petroleum, Nuclear Fuel
Major Trading Partners - Turkey, Germany, Italy, Russia
Double Taxation Treaty with India - Yes



Economic Overview
  • It is characterized among the leading nations of europe in the production of lead, zinc, copper, hydraulic machinery, caustic soda, nuclear energy, weapons etc.
  • Electricity, gas and water; food, beverages and tobacco; machinery and equipment, base metals ect. are the major industrial hub of bulgaria.
  • Bulgarian economy is based on industries which is revolving around the well-developed heavy and light manufacturing industry, which has shared more than 37% in the total nation's GDP.
  • It is the leading electricity exporter in south eastern europe.
  • Industrial production growth rate has been recorded somewhere near at 11.3 per cent.
International Trade

Major Export Items
Clothing, Footwear, Iron and Steel, Machinery and Equipment, Fuels

Main Destinations of Exports
Turkey, Germany, Italy, Greece, Belgium, Romania

Major Import Items
Machinery and Equipment, Metals and Ores, Chemicals and Plastics, Fuels, Minerals and Raw Materials

Main Origins of Imports
Russia, Germany, Italy, Ukraine, Turkey, Greece, Romania, Austria

Contacts of Trade Ministries/ Associations

Bulgarian Association of Apparel and Textile Producers and Exporters Bulgarian Association of Textile and Clothing American Chamber of Commerce in Bulgaria
36 Dragan Tsankov Blvd
WTC INTERPRED - 3th Floor - Office 312
BG - 1057 Sofia
Bulgaria
Tel.: +(359)-(2)-9693161/ 9693166
Fax: +(359)-(2)-9693181
E-mail: association@bgtextiles.org

Sq. Macedonia Sq1, et. 9
BG - 1000 Sofia
Bulgaria
Tel.: +(359)-(2)-9877016
Fax: +(359)-(2)-4010663
E-mail: batek@abv.bg

Business Park Sofia, Mladost 4 Area
Building 2, floor 6
1715 Sofia
Bulgaria
Tel.: +(359)-(2)-9742743/ 9742744/ 9742745
Fax: +(359)-(2)-9742741
E-mail: amcham@amcham.bg

Bulgarian Chamber of Mining and Geology Bulgarian Industrial Association Bulgarian Chamber of Commerce and Industry
Sofia,205 Al. Stambolijski Blvd., office 30
Bulgaria
Tel.: +(359)-(2)-8229373
E-mail: bmc@mb.bia-bg.com

16-20 Alabin Str., Sofia 1000
Bulgaria
Tel.: +(359)-(2)-9320911
Fax: +(359)-(2)-9872604
E-mail: office@bia-bg.com

1058 Sofia, 9 Iskar Str.
Bulgaria
Tel.: +(359)-(2)-8117400/ 9872631
Fax: +(359)-(2)-9873209
E-mail: bcci@bcci.bg
Yambol Chamber of Commerce and Industry Bourgas Marine Association
164, Targovska Str.
P.O. Box 291, 8600, Yambol
Bulgaria
Tel.: +(359)-(46)-41133
Fax: +(359)-(46)-34790

POB 335
1 Kniaz Al.Batemberg
8000 Bourgas
Bulgaria
E-mail: bma@bse.bg








Business Visa Rules
  • Valid passport with 6 months validity.
  • Complete and signed visa application form along with the passport size photographs.
  • A letter of invitation from the host company or business associate of the bulgaria.
  • Copy of the return ticket or confirmed itinerary.
  • Copy of the medical insurance.
  • Sufficient proof stating that the applicant is able to bear all expenses that will be incurred during the course of his/her stay in the bulgaria.
Business Hours

Offices:   Monday to Friday from 09:00 - 17:30

Public Holidays

Festival Date
New Year's Day January 01
National Day (Day of Liberation) March 03
Easter Date Varies
Labour Day May 01
St George's Day (Day of Bulgarian Army) May 06
St Cyril and Methodius Day (Day of Culture and Literacy) May 24
The Unification of Bulgaria September 06
Independence Day September 22
Day of the Bulgarian Revival Leaders November 01
Christmas December 24-25
New Year's Eve December 31
bulgaria


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