What are the opportunities for investment and business tax rates, is there a basis for development of smart city projects – these are some of the topics that are of interest to the 25-member CIDIC (European Diplomatic, Economic & Academic Center) delegation currently visiting Sofia.
The guests were welcomed today in Sofia Municipality by Doncho Barbalov, deputy mayor of Sofia, and Vladimir Danailov, CEO of Sofia Investment Agency. Danailov introduced the CIDIC representatives to the main parameters and conditions for the development of business projects in the capital. He said that there are special programs in Bulgaria to stimulate investors.
A month ago, the international rating agency Standard & Poor’s confirmed Sofia’s long-term credit rating – BB+ with a stable outlook, as the state’s. According to S&P’s analysis, financial policy, sustainable income base, clear priorities and goals for the development of the city show the stability of Sofia Municipality as a basis for investment.
The advantages of Sofia as geographical location and climate, convenient infrastructure, highly educated population and a very good standard of living with excellent opportunities for education, sport and tourism were highlighted today before the CIDIC delegation.