Blagoevgrad Regional Economic Development Agency
Key Competitive Attractions
The Blagoevgrad region occupies a strategic geographical position on the E79 international motorway, just 100 km south of the capital, Sofia, 25 km from the Macedonian border; 100 km from the border of Greece, and only 200 km from Thessaloniki Port.
Blagoevgrad is known in Bulgaria for its good schools and educational system. There are several specialised science schools, language schools and technical schools churning out a well-skilled and educated pool of human resources each year. In addition, Blagoevgrad has two universities: Neofit Rilski Southwestern University and the American University in Bulgaria.
The economy of Blagoevgrad is mainly characterised by the textiles, construction and service industries. Due to the large volumes of, its excellent geographical location, and infrastructure, the region prospers.
The region is highly attractive to foreign and local investors for its potential for growth and development. Blagoevgrad owns the third biggest by number of building permits in Bulgaria, and the current economic climate is ripe for investment.
Assistance and Support For New Business Investors
RAED is the regional development agency of Blagoevgrad, whose aim is to improve the socio-economic development of the region, by developing SMEs and supporting investment projects.
RAED’s services:
- Stimulating entrepreneurship
- Supporting job creation
- Planning, developing and implementing projects
- Providing financial and administrative support
