ANNOUNCEMENT 10 Aug 2010In August 2010, the government of Bulgaria announced changed incentives for foreign investors entering the country.
NUMBER OF INTERVENTIONS
Regulations for Application of the Investment Promotion Act No. 62/10 (in English), http://investbg.government.bg/files/useruploads/files/statichni_stranici/legal_framework/regulations_investment_promotion_act_en.pdf
UNCTAD report (in English), http://unctad.org/en/Docs/webdiaeia20105_en.pdf
On 10 August 2010, the Council of Ministers of Bulgaria amended and supplemented the Investment Promotion Act with the Regulations for Application of the Investment Promotion Act No. 62/10, which reduces the investment thresholds for investment certificates and which provides state aid to foreign investors engaged in certain economic activities. Examples of such activities are information technology, scientific research, education, and health among other sectors. Any state aid granted is supposed to be consistent with EU state aid rules.