Business climate in Bulgaria

Bulgaria ranks #20 of 54 on the overall business climate (score 62). Its strongest suit is business taxes, followed by cost of capital; the weakest is rule of law.

Business taxes90 / 100Cost of capital81 / 100Energy prices63 / 100Momentum58 / 100Red tape47 / 100Rule of law47 / 100
DriverScoreRankMeasures
Red tape and ease of doing business47 #44 of 54Regulatory framework (World Bank B-READY 2025): 77 (2025); Business entry (B-READY): 80 (2025); Public services for business (B-READY): 67 (2025); Days to start a business (Doing Business): 23 (2017); Procedures to start a business (Doing Business): 7.00 (2017); Ease of doing business rank (Doing Business, 1 = easiest of 190): 50 (2017)
Rule of law and legal certainty47 #39 of 54Liberal democracy (V-Dem): 0.50 (2025); Corruption perceptions score (higher = cleaner): 40 (2025); Strength of legal rights for borrowers and lenders: 9.00 (2017); Dispute resolution (B-READY): 66 (2025)
Taxes on business902 #2 of 53Corporate income tax rate (headline): 10 (2026); Total tax and contribution rate on commercial profits: 27 (2017); Taxation administration (B-READY): 69 (2025)
Cost of capital81 #6 of 27Real interest rate: -2.96 (2025); Bank lending interest rate: 4.24 (2025); Access to finance (B-READY): 72 (2025)
Energy prices for business63 #10 of 31Business electricity price (Eurostat, 500-1,999 MWh a year): 0.14 (2025)
Growth momentum and investment trend58 #15 of 53Real GDP growth, average of the last five years: 4.02 (2025); Growth trend: last three years against 2015-2019: -0.34 (2025); Foreign direct investment, net inflows: 5.10 (2023)
2010: 1.6%102011: 2.1%112012: 0.8%122013: -0.5%132014: 1.0%142015: 3.4%152016: 3.0%162017: 2.8%172018: 2.3%182019: 3.8%192020: -3.1%202021: 7.8%212022: 4.1%222023: 1.7%232024: 3.4%242025: 3.1%25
Real GDP growth by year (World Bank). Green bars: growth; red: contraction.

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North Macedonia · Croatia · Hong Kong · Slovenia

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Sources as on the business-climate table. Nestlyzer scores each measure 0–100 between the 5th and 95th percentile of the countries it covers. How the method works.