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Sofia

Why Sofia is a good place for investments The political will, the leadership of Sofia Municipality in the person of the city mayor and his team, and of the municipal council, are fully in favour of decisive reforms and the attraction of foreign investments. Sofia Municipality has a comparatively good credit rating - better than that of the state. The municipality owns property and enterprises, which it offers for privatization. Sofia municipality has 115 companies, which work in different branches. The total number of employed in municipal economy is about 30,000. The total amount of fixed assets (private municipal property) operating in municipal economy is more than US$600 million. Speeding up the process of municipal privatization led to accumulating of some funds from selling of municipal enterprises. For their effective usage was created a Municipal Privatization Fund. Sofia's geographic location within Bulgaria is such that it favours investors, insofar as it is located on an international motorway - the motorway from Belgrade to Istanbul. Sofia has a large potential of human resources - about one and a half million inhabitants and a significant number of new arrivals. On the other hand, this is where the country's most qualified manpower is concentrated. It is indicative that the level of unemployment is comparatively higher in the capital. At the same time, manpower is not expensive. On the contrary, considering its high qualification it is relatively cheap. The number of telephones in Sofia is large. City transport is relatively well organised compared to other towns and cities in the country. Road facilities are in good condition. Investment, as well as any other form of economic activity on the territory of Sofia, is facilitated by the fact that respective programs have been adopted for the development of the urban infrastructure, the city environment, the restructuring of the municipal economy and the development of sectors with a direct bearing on the life of citizens. These are primarily transport, central heating, cleanness, water supply and sewerage. Independence of the municipality is guaranteed by the economy of its budget. The budget is basis of implementation of all activities of the Sofia Municipality. The collection of revenues is a prerogative of Sofia tax administration which is subordinated to the Ministry of Finance.

Offers for this region

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	Picture	Description	Area	Ref. Num	Price	Type	Action
		Apartment for rent in Sofia The building is situated on small street crossing Dondukov blvd. More ...	86 sq.m.	300	50€
		Apartment for rent in Sofia The building is on the small street near to National Palace of Culture and close to state institutions, banks, trade centers, theaters, gorgeous resta ... More ...	50 sq.m.	434	50€
		Apartment for sale in Sofia The maissonette is near the Ukrainian Embassy, Ovcha Kupel, near the Ukrainian Embassy (address: 43 A, Boriana str., 6 / 7 floor, ap.17) ... More ...	190 sq.m.	523	230000€
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