/ world today news/ Greek companies registered in Bulgaria increased by 72% in just one year.
A total of 3,781 companies with full Greek capital have filed corporate tax returns for 2011, the National Revenue Agency (NAA) announced. This means that, on an annual basis, the companies with entirely Greek capital, which develop activities in our country, have increased by 1,582.
The NRA data show that 1,535 of these companies are registered in the regional structure of the tax authorities in Blagoevgrad. 1,381 companies with 100% Greek capital are served in Sofia, and 200 in Plovdiv.
The number of companies from our northern neighbor that work in our country is also increasing. According to the NRA’s statistics on the taxation of their profits from 2011, 401 companies with 100% Romanian participation submitted tax returns. This is 50 percent more than in 2010, when 272 such companies paid corporate tax in our country.
The tax authorities also report that the largest number of registered companies with participation from our northern neighbor is in the territorial structure of the NRA in Ruse. There are 169 such companies there. 121 Romanian companies are served in the capital, and 21 in Varna.
The increased interest of companies from Greece and Romania is due to the lower tax and insurance burden in our country and the stability of our economy in the last few years, experts explained.
Meanwhile, the NRA reminded that Bulgarians who have properties in Greece must pay taxes for them. The Consulate General of Bulgaria in Thessaloniki provides clarifications on the property taxes owed by foreign citizens.
#Greek #companies #massively #registering #country
Beyond economic factors, what cultural or social challenges might arise from the increased presence of Greek businesses and individuals in Bulgaria, and how can these be addressed proactively?
## Greek Companies Flock to Bulgaria: A Discussion on Economic Trends
**Introduction:**
Welcome to today’s discussion on the recent surge of Greek companies registering in Bulgaria. We are joined by two esteemed guests: Dr. Maria Petrova, an economist specializing in Balkan economic integration, and Mr. GeorgiosPapadopoulos, a Bulgarian-Greek business consultant.
**Section 1: The Greek Exodus – Push Factors:**
* **Dr. Petrova,** the article mentions a 72% increase in Greek companies registering in Bulgaria. What are the key drivers behind this movement? Are there specific economic factors within Greece pushing companies to seek opportunities elsewhere?
* **Mr. Papadopoulos,** can you shed light on the experiences of Greek businesses operating in Bulgaria? What challenges and opportunities do they face in this new environment?
* **To both:** Do you believe this trend is purely economic, or are there other factors at play, such as political instability or perceived safety concerns within Greece?
**Section 2: The Bulgarian Pull – Attractive Prospects:**
* **Dr. Petrova**, the article cites lower taxes and a stable economy as reasons for the influx of Greek companies. To what extent do these factors contribute to Bulgaria’s attractiveness to foreign investment?
* **Mr. Papadopoulos,** from a business perspective, what specific advantages does Bulgaria offer to Greek companies compared to other potential destinations in the region?
* **To both:**
Do you foresee this trend continuing in the long term? Could Bulgaria’s economic landscape evolve in a way that makes it less attractive to foreign companies in the future?
**Section 3: The Wider Impact – Regional Implications:**
* **Dr. Petrova,** how does this movement of Greek companies to Bulgaria fit into the broader picture of economic integration in the Balkans?
* **Mr. Papadopoulos,** what impact could this influx of Greek businesses have on the local Bulgarian economy and labor market?
* **To both:**
Do you anticipate similar trends emerging in other Balkan countries, and what does this suggest about the future economic landscape of the region?
**Section 4: Beyond the Numbers - Social and Cultural Dimensions:**
* **Mr. Papadopoulos,**
what are the cultural and social implications of this increased presence of Greek businesses and individuals in Bulgaria?
* **To both:**
How can both Bulgarian and Greek communities work together to foster a strong and mutually beneficial relationship?
**Conclusion:**
Thank you to Dr. Petrova and Mr. Papadopoulos for this insightful discussion. The motivations and implications of the surge in Greek companies registering in Bulgaria offer a fascinating glimpse into the complex dynamics of regional economic trends. As we move forward, continued analysis and open dialog will be crucial in understanding the lasting impact of this phenomenon.
