ruse

PORT OF NEW
OPPORTUNITIES

INVESTMENT PROFILE OF RUSE MUNICIPALITY

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WELCOME TO RUSE – THE NORTHERN CAPITAL OF BULGARIA!

 

Ruse is а dynamic and fast growing city along the Danube river. Due to its highly industrial profile and large-scale projects, the city is recognized as the economic leader of the region.

With its strategic geographic location and well developed transport infrastructure, Ruse is an intermodal hub providing opportunities for mobility of people and transportation of goods by road, rail and water.

The University of Ruse and the schools in the region create professionals in a remarkably wide range of specialties.

Ruse is historically famous for being “The city of first things” with dozens of key initiatives which started here. We are proud both with its past and the opportunities it offers. Here you will discover your road to success.

Ruse is the right place to begin or expand your business – with us you will find real opportunities in a stable and reliable economy. All future investors can benefit from its potential.

Our team of young, energetic and skilled professionals is ready to support any venture of interest to the people who wish to do business in Ruse!

 

Pencho Milkov

Mayor of Ruse Municipality

 

 

BULGARIA

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Member of the European Union, NATO and WTO.

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Currency board - national currency pegged to the Euro.

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Member of ERM II and the Banking Union, with potential for joining the Eurozone in 2024.

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10% corporate and personal tax.

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5% tax on dividends.

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Competitive conditions for doing business.

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VAT exemption for import of equipment for investment projects.

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Deduction of Research and Development costs.

RUSE

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The biggest economic centre in the Bulgarian section of the Danube

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The close proximity of the Romanian market and its capital Bucharest

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А strategic location on the largest water highway of Europe and an intersection of four global transport corridors – Pan-European #7 and #9, TRACECA and “One belt one road”

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A logistics centre combining different modes of transport

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Highly diversified economy of services and strong industrial profile, which provide opportunities for new business initiatives

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Excellent combination of professional and personal life

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Qualified human resources and highly developed educational infrastructure

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Competitive costs for business start-up or business development, compared to similar regions in Bulgaria

Data on Ruse region

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POPULATION


3,05%

of the population in Bulgaria

209 084

inhabitants in Ruse region

159 998

inhabitants in Ruse municipality (data by CRAS)

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ECONOMIC INDICATORS


€1625.39 Mln

GDP

2.3%

of the country GDP

€7707.72

GDP per capita

17.9%

GDP average annual growth

5.46%

FDI average annual growth

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LABOR MARKET


71.4%

employment

4.6%

unemployment

124,586

population of working age

€659

average monthly gross salary
in the private sector

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ADMINISTRATIVE
PROCEDURES


Establishing of a company in Bulgaria:

€1

minimum share capital

~ €100

registration fees

1 week

deadline for registration

Building permit:

8

mandatory procedures

19+ days

deadline for issuance

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TAXES AND
FEES IN
THE MANICIPALITY OF RUSE


2 %

real estate tax

4,2 %

household waste service tax (or waste container fee + 2 %)

€ 0,84/kW

tax on vehicles
(engine power above 74 to 110 kW)

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REAL ESTATE IN
THE MANICIPALITY OF RUSE


от €20/sq.m.

price of land for industrial purposes

от €1.5/sq.m.

rent of industrial premises

от €4/sq.m.

rent of office space

€200

rent of 1-bedroom apartment in the central area

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EDUCATION
AND HEALTHCARE


16

professional and specialised high schools

1

university

1

branch of high college

7

hospitals

24

medical centres

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QUALITY OF
LIFE


€0.77

public transport ticket

€1.25

petrol price per liter

€5.00

lunch menu

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INVESTMENT PROFILE
OF RUSE MUNICIPALITY

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© Photos: Yavor Michev