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Investment Destination Plovdiv 2021 2022 Booklet 1634296053
Investment Destination Plovdiv 2021 2022 Booklet 1634296053
PLOVDIV2021/2022
INVESTMENT DESTINATION
PLOVDIV
PUBLISHED BY
PLOVDIV MUNICIPALITY
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TABLE OF CONTENTS
2
KEY FACTS
1 Why Plovdiv?
INVESTOR INCENTIVES
3 Single point of contact for an easy setup of operations
LOCAL ECONOMY
4 One of the biggest manufacturing clusters in Central & Eastern
Europe
LABOR MARKET
5 Positive net migration and an expanding pool of talent
MANUFACTURING
6 Аutomotive and discretе manufacturing center
TABLE OF CONTENTS
3
MAJOR INVESTORS
7 List of multinational & local industrial companies
EDUCATION
8 Diverse ecosystem of high schools and universities
IT&BPO
9 Fastest growing sector attracting global talent to the city
PROPERTY MARKET
10 Network of modern industrial & tech parks and office centers
PUBLIC SERVICES
11 Fast improving utilities infrastructure
QUALITY OF LIFE
12 Great work-life balance, unique vibe and rich range of cultural,
sport and leisure activities
EU BANKING UNION
Since 2020
ERM II
& has a fixed rate to €
NATO
Since 2004
Vienna
1156 km
Danube River
Bucharest
386 km
VII IX
Port of Russe
Munich
1480 km 🚢 313 km Varna Port
IV 🚢
X 368 km
Istanbul
Durres (Ferry to Italy) PLOVDIV ✈ 419 km
⛴ 700 km
Port of Haydarpasa
Thessaloniki Port 🚢 424 km
Alexandroupoli Port
🚢 334 km
🚢 237 km
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Why Plovdiv?
fDi Intelligence
Macroeconomic numbers
Global
€9100 €33.0 billion Competitiveness
Index
GDP PER CAPITA IMPORTS
# 49
(out of 141)
Investment climate
10% 20%
Economic freedom
FLAT CORPORATE & VAT
# 32 PERSONAL INCOME
(out of 162) TAX RATE
Fraser Institute, 2020 34.8%
5% TAXES ON LABOR
AS % OF LABOR
Sound money WITHHOLDING TAX COSTS
# 22 ON DIVIDENDS
DISTRIBUTED TO
(out of 162)
NON EU/EEA €18 400
Fraser Institute, 2020
COMPANIES MAXIMUM ANNUAL
SOCIAL SECURITY
BASE
3 INVESTOR INCENTIVES
8
☞ invest.plovdiv.bg
Importing assets without effective
payment of import VAT invest@plovdiv.bg
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3 INVESTOR INCENTIVES
9
4.1 LOCAL ECONOMY
10
SALES
REVENUES
(billion €)
€15.9 €23.0 €155.3
VALUE
ADDED €4.0 €6.2 €42.4
(billion €)
NUMBER
OF JOBS 204 355 2074
(thousand)
Manufacturing and business services account for over 2/3 of the local
economy
Manufacturing
30.7% Consumer services
37.0% 11.8%
Construction
5.5%
Others
IT, BPO & B2B 3.8%
37.0% 30.7%
Source: TEZ with NSI and Commercial register data for 2020
4.2 LOCAL ECONOMY
11
FIXED CAPITAL
EXPENDITURES IN
2020 €19 900 €38 600
PRODUCTIVITY VALUE OF FIXED
(Value added per job, 2020) ASSETS PER JOB
(2020)
355 000 m2
17.1%
(3.8 million ft2)
approved for non-housing of all permits in the country
construction in 2020
740 000 m2
19.8%
(8 million ft2)
approved for housing of all permits in the country
construction in 2020
5.1 HUMAN RESOURCES
12
Population
Regions with
biggest share in
migration towards 9000 +5100
Plovdiv district NEW INHABITANTS NET ANNUAL
(city) CHANGE
16.1% (district)
So a (capital)
27.9%
Other countries
5.2 LABOR MARKET
13
Number of jobs
Plovdiv is the industrial leader in Bulgaria with 15% of all
manufacturing jobs in the country
Local economy structure
(by number of jobs)
Manufacturing 71 200
IT, BPO&B2B 44 000
Consumer services 39 500
Public services & regulated markets 30 600
Construction 12 000
Others 6800 |
Source: Trakia Economic Zone with NSI and Commercial register data for Plovdiv district, 2020
Source: TEZ with NSI and Commercial register data on district level, 2020
6.1 MANUFACTURING
14
Industry snapshot
Manufacturing
SALES REVENUES VALUE ADDED NUMBER OF JOBS
Share in local
economy 36.8% 37.0% 34.9%
Structure of manufacturing
(by number of jobs)
Mechatronics
28.1%
& automotive Food & drinks
13 300
18.7%
20 000
Source: TEZ with NSI and Commercial register data for Plovdiv district, 2020
6.1 MANUFACTURING
15
6.5%
The rise of Productivity
6.3%
mechatronics &
4.5%
automotive in Sales per employee
5.3%
Plovdiv
4.4%
Number of jobs
1.8% Plovdiv
Productivity BG on average
114.6
Index BG = 100
Average annual change for 2014-2020
Share in local
manufacturing 28.8% 30.6% 28.1%
Plovdiv’s share in
Bulgaria 24.2% 20.8% 17.7%
Source: TEZ with NSI and Commercial register data, 2020
6.2 MANUFACTURING
16
Wages
JOB POSITION Gross wages Total labor cost
TRAKIA ECONOMIC ZONE
Carbon neutral
ECO INDUSTRIAL PARK by 2030
Renewable Energy
Data Center
TECHNOLOGY ECOSYSTEM
7 MAJOR INVESTORS
18
Plovdiv district
INDUSTRY SUPPLIERS
ADL Gotmar Kaskada Schatti Bulgaria
INDUSTRY SUPPLIERS
Ab Guala Closures MM Mechanics Ro x
Smur t Kappa
Ate Plast Gudex Neochim
Bulgaria
Industrial Solutions
Bulhart Panchim Technoengineering
Bulgaria
Damiana Kastamonu PFB Preso Fondal Tron
Plovdiv and its closest regions form the biggest mechatronics &
automotive cluster in Bulgaria. Plovdiv also has a well-developed
consumer products industry, hosting some of the biggest food & drinks
producers in Bulgaria, including Kamenitza, OMK, VP Brands, Nova
Trade, Simid, Dimitar Madzharov, etc.
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8 EDUCATION
20
28 37
VOCATIONAL HIGH GENERAL HIGH
SCHOOLS SCHOOLS
Almost
1000 high
7 74 school students
FOREIGN VOCATIONAL in Plovdiv district
LANGUAGE & MATH TRAINING CENTERS study in 57 dual
HIGH SCHOOLS education
classes
24 400 9200
of which
STUDENTS IN IN STEM FIELDS
HIGH SCHOOLS
Source: Regional Department of Education, NSI, МоЕ, NAVET (data on district level for 2020/2021)
2300
GENERAL HIGH
SCHOOL GRADUATES
1800 3200
VOCATIONAL HIGH MASTERS DEGREE
SCHOOL GRADUATES GRADUATES
3300
BACHELORS DEGREE
GRADUATES
8 EDUCATION
21
automation
570
STUDENTS
General engineering 460
Number
UNIVERSITY Major fields
of students
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9.1 IT&BPO
22
Industry zoom
Average annual growth for 2014-2020
25.2% 24.9%
The rise of IT &
SALES REVENUES VALUE ADDED
outsourcing
sector in
Plovdiv
7.7% 7.6%
AVERAGE SALES VALUE ADDED
Number of PER JOB PER JOB
employees
7000+
+15.2% +13.4%
Labor cost NUMBER OF JOBS LABOR COST
83.7
Index So a = 100
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9.2 IT&BPO
23
EU citizens
Long-term residence validity
UP TO 5 YEARS (issued in 24 hours)
Non-EU citizens
Issued to professionals with valid work
EU BLUE CARD contract & long-term visa
9.3 IT&BPO
24
Ecosystem
Over 200 IT&BPO companies are located in Plovdiv
Enigma Software
Adecco Bulgaria Bulpros Consulting ICYGEN
Group
Enterprise Security
Advise Tech Cloudtech In nite Lambda
Solutions
Europe and
Amexis CNSys Innotec International
International BPO
Intelligent Systems
Arcade Retail Code Nest Evolink
Bulgaria
GPS Systems
BankSoft Dak-22 Lead Consult
Bulgaria
Data Network Hemisphere
BDC Bulgaria Lift HR Solutions
International Commerce
M+W
BG Marketing 2010 DATA+ Hi Way Jobs
MediaNetworks
Sirma Business
Master Plan Podix Triera Soft
Consulting
Trio Interactive
Media IT Services Prime Holding SIS Technology
International
TTEC Eastern
Modis Bulgaria ProxiAd Bulgaria Smarter
Europe
UNIQA Software -
Moon BG Quality House Soft To Run
Service Bulgaria
Real Time Games
NetGuard Softart BG Vertinity Ltd.
Development
SBTech (Global)
ORM.Bg Limited - Bulgaria Strypes VSG Bulgaria
Branch
Sutherland Global
Outcons Scale Focus Web X
Services Bulgaria
Westernacher
Outdooraholics BG Sciant TechHudle
Consulting
Of ce space
Rents of prime office space
Plovdiv/Bulgaria 10.0 €/m2/month
So a/Bulgaria 13.0
9-12 €/m2 Zagreb/Croatia 15.0
Monthly rents for Bratislava/Slovakia 15.5
office class A Prague/Czechia 22.5
Budapest/Hungary 23.0
Istanbul/Turkey 27.8
Berlin/Germany 41.9
0 8 17 25 33 42 50
Networking Premium
Kamenitza Of ce Park Rilon Center
Coworking
☞ kamenitzapark.bg ☞ rilon-center.business.site
☞networking.space
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Industrial zones
Rents of warehouse space
25-40 €/m2
Price of land for Plovdiv/Bulgaria 4.0 €/m2/month
industrial use Bucharest/Romania 4.2
So a/Bulgaria 4.7
3-5 €/m2 Bratislava/Slovakia 4.7
Monthly rents for Prague/Czechia 4.8
industrial space Warsaw/Poland 4.9
Budapest/Hungary 5.0
2700 acres Berlin/Germany 8.3
Land for industrial 0 2 3 5 6 8 9
use Source: TEZ, Colliers, 2021
8
7 6
Plovdiv Airport
Access to utilities
The entire Plovdiv region has a modern power distribution grid
ELECTRICITY
Annual
consumption in 20 500 2000 20 000 70 000 150 000 150 000+
mWh, up to
Final price,
incl. VAT, 0.128 0.115 0.101 0.095 0.089 0.076 0.0763
EUR/kWh
There are 8 exit points of the transit network, allowing to connect large
industrial users to the grid
NATURAL GAS
Annual consumption
in GJ 1000 10 000 100 000 1 000 000 4 000 000
In 2020-2021 projects worth over €100 million have been launched since
2020 in the region of Plovdiv region for reconstruction and rehabilitation of the
water supply grid and waste-water collection
WATER AND SEWAGE
New clients pay for any additional costs for new construction and
expansion of the water supply and sewage network
11.2 PUBLIC SERVICES
29
Bigger
containers
€26.6
(1100 liters/290 US gallons) PER CONTAINER
Plus 0.2% fee PER COLLECTION
(of property
value) for
cleaning of
public areas
Smaller
containers
€5.8
(240 liters/63 US gallons) PER CONTAINER
PER COLLECTION
EDUCATION & INDUSTRY BOARD
52 km 3 Plovdiv triathlon
Average Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Low in ºC 0 1 3 8 12 15 17 17 14 10 5 1
High in ºC 8 9 13 19 24 27 30 30 26 21 15 9
Low in ºF 32 34 37 46 54 59 63 63 57 50 41 34
High in ºF 46 48 55 66 75 81 86 86 79 70 59 48
Source: meteoblue.com
12.2 QUALITY OF LIFE
32
23 182 €160
HOSPITALS CLINICS & OTHER PER YEAR
HEALTH CARE VOLUNTARY PRIVATE
FACILITIES HEALTH INSURANCE
PER
Per 1010 000
000 INHABITANTS
inhabitants
Plovdiv has the highest density of
doctors among the municipalities 85 24
with population over 150 000 Doctors & Dentists
inhabitants
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12.3 QUALITY OF LIFE
33
Cost of living
Typical prices in Plovdiv
Cost of living in
for everyday items
selected European
€5.10 cities vs. Plovdiv
🍲 Lunch menu
€22.00
+48%
💪 Gym membership (monthly fee)
BRATISLAVA
🎬 Cinema ticket €6.10
12.4 QUALITY OF LIFE
35
550+ 700+
CULTURAL EVENTS CULTURAL SIGHTS
Hundreds of
small and large
50+ 3
scale events MUSEUMS & OPEN AIR
GALLERIES THEATRES
6 17
CINEMAS 4* & 5* HOTELS
(with 25 screens)
2. 30 min
• 3 hours
Downtown
Bansko Ski Resort Nessebar seaside
hosts the ski world cup Resort
an UNESCO World
Heritage site
National Folk Festival June Whiskey & Street Art Fest June
Made at the Academy Festival June Plovdiv Food Park Festival June
Whiskey & Street Art Fest June Ethno Kitchen on Wheels June/July
European Nights of Museums July Street Food & Music Festival July
International Photo Salon July/August Plovdiv Beer Fest September
National Autumn Exhibitions September Parade of the Young Wine November
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CREATING A BUSINESS-FRIENDLY CITY
PLOVDIV MUNICIPALITY
Bulgaria, 4000 Plovdiv, 1 Stefan Stambolov Sq.
tel.: +359 32 656 727
web page: invest.plovdiv.bg
e-mail: invest@plovdiv.bg