Varna is the biggest city in the Bulgarian coast of the Black Sea, and the third biggest city in Bulgaria with 335.819 citizens, behind Sofia and Plovdiv. The city of Varna its located 470 Km. to the east of Sofia. Varna is the administrative core of the province. Known as ¨The capital of the Marine¨, is a destiny for tourists, business, university, port and the Bulgarian Navy headquarters.
The business areas with highest development in the last years and attracts the majority of the international companies are: The industrial outsourcing either in consumer goods (textile and footwear), industrial goods (electronic components, machinery components) and services (banking, financial services, comercial distribution and touristic management)
According to the publication “Doing Business 2016: Measuring Regulatory Quality and Efficiency¨ of World Bank Group, Bulgaria appears in the world ranking 14th place as Investors Protection. (Doing Business 2016. World Bank).
The direct international investment possibilities are diverse due to the potentiality of this market, being the principal investor countries Austria, Holland, Germany, UK and Italy (National Bank of Bulgaria)