Varna Regional Administration
Key Competitive Attractions
Situated on the western coast of the country, and an integral part of the Black Sea economy, the Varna region receives the second largest volume of foreign direct investment after Sofia.
With the lowest unemployment rate in Bulgaria, and the fifth highest per capita in the country, Varna offers a stable, attractive and promising business location.
The Varna region has an important industrial zone, home to approximately 100 enterprises in machine building, shipping and maritime, telecommunications, medical equipment, household and consumer goods, textiles, and metallurgy.
The maritime industry of the region is integral to the economy, with exports in various goods. More than 50,000 tons of food, wine and tobacco products are produced each year, the major products being tinned fruit and vegetables, dairy products, soft drinks, sugar, salt, and beer.
The chemical complex in Devnya has attracted a large cluster of chemicals companies, providing 16 % of Bulgaria’s chemical industry output.
Scientific Institutions:
- Institute of Hydro- and Aerodynamics
- Institute of Ocean Studies
- Institute of Metal Science
- Institute of Water Transport
- Shipbuilding Institute
- Institute of Fisheries and Aquaculture
Major Companies:
- Navigation Maritime Bulgare
- Solvay Sodi
- Italcementi Group
- Agropolychim
- Union Miniere/Oiltanking
- Odessos Shiprepair Yard
- Varna Shipyard
- VAMO Jsc
Assistance and Support For New Business Investors
The Varna Regional Administrations strives to achieve the following:
- Stable legal system to protect and attract foreign investors.
- Simple licensing, permissions and registration systems
- Support for major foreign investments
- Development of industrial zones, offering attractive investment incentives.
