Sofia: Economic and Investment Profile

Sofia is the biggest regional economy in the country. About 40% of Bulgaria’s GDP is produced in Sofia. The contribution of Sofia Municipality to the national economy has been growing at a moderate but stable rate in recent years, reflecting the continuing concentration of economic activity in the Capital. Sofia provides the highest salaries, which are 38% higher than the average levels for Bulgaria. Although Sofia was not spared by the economic crisis of 2008-2009, the recession was not as deep as in the rest of the country. Besides, the city managed to fully recover by 2010, and since 2013, the economy of Sofia is expanding. In the last three years Sofia’s economy marks a real GDP growth, significantly above the national average