iGlobal Law

Core Facts

• Population:  7M
• GDP:  USD 50 billion
• GDP per head:  USD 7,612
• Workforce:  3M
• Unemployment (2017):  8%
• High skilled monthly wages (2017):  USD 645

Regulatory

• Government debt:  27% of GDP
• Personal income tax:  10%
• Corporation tax:  10%
• World corruption ranking 2016: 75th Transparency International
• Ease of doing business ranking:  39th  Business Freedom Index
• Labour law:  ILO Conventions ratified
• Data protection:  Member of the EU and so recognised as having adequate protection

Bulgaria’s commercial environment has made strides since the turn of the millennium, with employers becoming more attracted by its improving economy, geopolitical conditions, and educated workforce. Approximately 80% of the working-age Bulgarian population has a secondary or higher education, and the teaching of foreign languages is introduced at an early age.

Labour law in Bulgaria is mainly set out in the Labour Code with numerous sub-laws and rules. It follows similar principles to those generally applicable in the European Union.

Collective agreements form an important part of the country’s labour regulation.