Employment level, increasing in Bulgaria
The Bulgarian business market has positive prospects and this can be seen in the level of employment registered here. Since 2014, the unemployment levels decreased gradually. In August 2014, the unemployment level was situated at 11,4%, decreasing from the previous value of 13%.
In February 2015, the unemployment further decreased to a rate of 10,6%. The policies carried out by the local authorities decreased the unemployment level, which is currently situated at 8,1% (data registered for the first quarter of 2017).
Investors interested in company formation in Bulgaria
must know that the sectors which registered the highest employment demand
were the following:
• processing industry;
Employment in the accommodation industry in Bulgaria
enjoys a very well developed accommodation industry
, being one of the leading economic sectors in which the local authorities invested in the last decades, thus the employment demands
for this field are rather important. One of the main drivers of success in this field was determined by the quality of services provided by the hotel industry
, delivered at competitive prices. The industry is highly represented by foreign tourists, with an emphasis on the European visitors.
Entrepreneurs interested in the procedure of company registration in Bulgaria
in the accommodation industry
will have to obtain several business licenses
for their activities.