Bulgaria

Bulgaria

Amends Investment Promotion Act

12 Oct 2012

The Parliament of Bulgaria has passed amendments to the Investment Promotion Act. The bill introduces a new stimulus aimed at investors, which consists at paying back the employer's part of the social security contributions paid by him to newly hired workers for a period of up to 24 months after the job opening. Priority will have investments in the high-tech industries made in economically disadvantaged regions.

Nature of measure:
  • Incentives
Type:
  • Promotion and facilitation (Investment incentives)
Industry:
  • Not industry specific
Inward FDI:
No
Outward FDI:
No
Sources: