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Invest in Bulgaria in 2021: A Land Of Opportunity

At the intersection of east and west,Bulgaria remains a highly attractive,low-cost and high yield climate for investment. Let’s take a look at some of the reasons why.

With the world still in the grip of the Covid-19 pandemic,economic contractions reverberate throughout Europe and Bulgaria is not different. However,despite the predicted drop in GDP this year,the economy is expected to see a rebound in 2021. On a general level over recent years,the Bulgarian economy has performed strongly on the back of consistently strong levels of investment growth. In 2019,the economy grew by 3.4%,which was above the EU average.

Why invest?

Bulgaria is a popular destination for investment from other EU states in particular,although it also remains a significant destination for growing rates of investment from outside the EU,with Russian,US and Asian companies contributing to its globalised economy. One of the most attractive elements for investors is the country’s low tax rate,with a flat rate of 10% for both income and corporate tax,whe lowest rate in the European Union. It is also low cost in terms of salaries. The minimum wage in Bulgaria is approximately €312 (January 2020) and the average monthly salary is in the region of €650. The Bulgarian currency,the Leva,is pegged to the Euro with a fixed exchange rate of 1€=1.96 Leva.

The country has a relatively young and educated workforce,with good IT and language skills,particularly in English,German and Russian. It is one of the leading nations in the EU for outsourced production and services. In terms of manufacturing it is a common choice for firms in the IT,automotive and professional services sectors. Its geographical location,with well serviced ports at Varna and Bourgas,and a rapidly developing airport in Sofia,make it an increasingly attractive hub for distribution. The Black Sea region,and the mountainous ski resorts,are increasingly popular areas for investment and development as the country remains very popular as a low-to medium range holiday destination. Property prices remain very low compared to European averages,with prices on the coast in the region of €500 per square metre,while in Sofia it can start as high as €800 per square metre.

For buying agricultural land in Bulgaria an additional requirement is that the buyer is resident in Bulgaria for a period of five years or more. The land can be purchased whether you are either a Bulgarian citizen or if you have lived legally within the country for this period. Bulgarian agriculture is a significant growth sector for investment,boosted by an EU investment project (SAPARD),which provides for up to 50% on an investment subsidy if the investment is directed towards agriculture. There is also a widely available low-cost workforce for this sector. There are almost 5 million hectares of agricultural land in the country,which constitutes 44% of Bulgarian territory. Grape production is particularly virnat,supporting the nation’s burgeoning wine industry,and large tracts of arable land are able to support a wide variety of fruit,vegetable and grain crops in addition to livestock or dairy farming.

How easy is it to start business

Despite some lingering issues in relation to bureaucracy and the speed of doing business,the situation in relation to establishing companies in the country has become much easier. You can establish a company in Bulgaria in as little as 14 working days in Bulgaria,once you have prepared all the necessary documents. Obviously the system is easier if you are from an EU nation,but on a general level the business of forming a company has become a lot more streamlined.

Investments and law

With its liberal financial management laws,Bulgaria has become increasingly popular with investors. According to the law,a foreign investor in Bulgaria may be an individual or a company,who can then register Bulgarian companies with the Bulgarian Chamber of Commerce and the country’s Trade Register. You can then open accounts at any of the country’s well resourced and financed banks. Foreign investors can deposit in either Leva,Euro or foreign currencies to their accounts and can purchase properties once the process of company formation is complete.

References:

https://www.facebook.com/New-Economy-Investment-Insider-103095911450666

https://www.youtube.com/channel/UCTqQngYej4O-1ur7GimLpow

https://youtu.be/i-7EuwvQf-I

https://aw445cd.aweb.page/p/2d12a5f7-4d16-46f2-8be0-31703a4dbe2d



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Want the Best RV Water Softener? Follow These Important Tips

Drinking and using your RV water can sometimes be the worst part of RV travel. The water tastes bad,it leaves a film on everything it touches,and it damages your pipes. The water at most RV hookups contains a lot of dissolved minerals that make the water so gross and so corrosive.

But,good news!

There are best RV water softener" target="_blank" rel="noopener noreferrer">portable water softeners made specifically for RVs that make your excursions more enjoyable! Water softeners use salt to eliminate the minerals in the hard water and make it more useable. When you choose the right water softener,your water will taste better,and you can extend the life of your pipes and water fixtures.

How to Choose the Best RV Water Softener

There are a LOT of water softeners on the market. Here are a few tips to help you find the best RV water softener for your needs.

ð??? Portable

Look for:

  • Handles

  • Lightweight

  • Easy to install

Having a portable water softener makes it easy to bring with you when you want to and leave when you don’t. You’ll have the option to detach it and use it for other things at home,like washing your car or RV with soft water,or switch it between RVs. If you have more than one RV,you can likely get away with having just one portable water softener.

Your RV water softener should be very easy to install and detach. You shouldn’t have to hire someone to come install your water softener. Working on your RV should be easy and fun. If the installation process is complicated,then it won’t be a good fit for your RV.

ð??? Has the correct grain capacity for your RV size and usage

The “capacity” of a water softener means how many dissolved minerals it can remove before it needs to regenerate. The higher the grain capacity,the longer you have between regeneration times. However,you don’t need a massive grain capacity for your RV.

Since it’s not a permanent home,you want something smaller and more portable than you would buy for your house. If you just have one or two people using your RV infrequently,an 8,000-grain unit will likely work for you. If you have a small family using the RV regularly,you should opt for a 20,000-grain unit.

Even if you live in your RV most of the time,don’t go above a 20,000-grain unit. Anything bigger than that is too much for an RV. You want a large enough grain capacity to generate water without constantly having to add more salt,but you don’t want it to be so big that it’s cumbersome to install or move.

ð??? Requires limited upkeep

Make sure that your RV water softener" target="_blank" rel="noopener noreferrer">RV water softener takes regular,everyday table salt. If you get something that requires a fancy salt,your salt expenses will start to add up.

Similarly,find out how much salt your RV water softener will require. If you constantly have to replace the salt,you will end up spending more than you want to. Your water softener shouldn’t require massive amounts of salt to keep going.

ð??? Has a good reputation

Your RV water softener isn’t something to cheap out on. What you would save in money on the front end could cost you a lot more on the back end if you buy a bargain water softener. Do some research ahead of time and purchase a quality water softener.

The SoftPro RV Water Softener is a great system to check out as you begin your research. It’s easy to install,portable,and user friendly.

Finding the best RV water softener for your RV

Use the Quality Water Treatment sizing calculator to find the right Softpro RV water softener" target="_blank" rel="noopener noreferrer">RV water softener for your specific needs.


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