White Papers & Reports

BVCA Annual Report 2025, Private Investment in Bulgaria and SEE

Regional private capital report for South Eastern Europe with Bulgaria positioned as a leading startup funding ecosystem in the region

Authors BVCA, SeeNext, European Investment Bank and JEREMIE Bulgaria

Topics Regional deal trends, Multi-year investment totals, Unicorn pipeline +3

The State of Startups and Venture Capital Ecosystem in CEE

CEE ecosystem report combining macro context, sector trends, and VC dynamics to map opportunities and constraints for startups and investors in the region.

Authors JEME Bocconi and Eleven Ventures

Topics Startups, Venture capital, CEE +3

European Innovation Scoreboard 2025

EU-wide comparative analysis of innovation performance for the EU, its Member States, neighbouring European countries, and a set of global competitors.

Authors European Commission (DG Research and Innovation)

Topics Innovation scoreboard, EU policy, Indicators +3

WIPO Global Innovation Index 2025

WIPO’s annual global benchmark of innovation ecosystems across 139 economies, combining rankings with trend analysis on investment, technology, and collaboration.

Authors World Intellectual Property Organization (WIPO)

Topics Innovation index, Rankings, R&D +3

Regional Innovation Scoreboard 2025 - Bulgaria regional profile

Short regional factsheet benchmarking Bulgarian regions’ innovation performance using the EU’s Regional Innovation Scoreboard framework.

Authors European Commission (DG RTD, DG GROW)

Topics Innovation indicators, Regional development, R&D +3

European Semester - 2025 Country Report for Bulgaria

EU’s annual deep-dive on Bulgaria’s economic developments and reform priorities, tied to the European Semester and Bulgaria’s RRP implementation.

Authors European Commission

Topics European Semester, Macroeconomy, Labour market +3

Convergence Report 2025 on Bulgaria

European Commission assessment of Bulgaria’s readiness to adopt the euro, against the legal and economic convergence criteria.

Authors European Commission

Topics Euro adoption, Convergence criteria, Inflation +3

European Innovation Scoreboard 2025, Bulgaria country profile.

A compact, data-driven snapshot of Bulgaria’s innovation performance vs the EU, including strengths, weaknesses, and recent trends.

Authors European Commission

Topics Innovation index benchmarking, Performance trends since 2018 and vs last year, Relative strengths and weaknesses +2

AIBEST Annual Industry Report 2025

AIBEST’s 2025 view of Bulgaria’s sourcing sector (BPO, ITO, R&D), positioning it as a key growth engine and quantifying firms, employment, and growth signals.

Authors AIBEST, SeeNext

Topics Sourcing industry structure, Macro indicators for the sector, Employment and revenue trends +4

BOYANOV & Co . Investment Guidebook for Bulgaria

Practical legal guide for investing and operating in Bulgaria, spanning entry rules, corporate setup, contracting, tax, labor, and key regulatory regimes.

Authors BOYANOV & Co.

Topics Foreign investment regulation, FDI screening, Investment incentives +3

Crowe - Doing Business in Bulgaria 2024

Compact reference guide with key legal and tax parameters for setting up and running a business in Bulgaria.

Authors Crowe

Topics Doing business, Taxation, Corporate forms +3

Sofia Business Destination 2024 (EN)

Investor-friendly overview of Sofia in 2024, combining city positioning with practical setup, economy, talent, connectivity, funding, and startup ecosystem sections.

Authors Invest Sofia (Sofia Municipal Privatization and Investment Agency)

Topics City positioning, Macro context, Why Sofia +8

Business guide Bulgaria 2023

Practical business primer on Bulgaria for foreign companies, covering the country snapshot plus the key legal, tax, HR, and compliance basics.

Authors Deloitte

Topics Bulgaria overview, Macroeconomy, Taxation (corporate tax/VAT) +4

Mapping the Sofia Tech Sector

Endeavor Insight’s ecosystem study of Sofia’s tech sector, combining founder network analysis, growth constraints, and policy and support-system recommendations.

Authors Endeavor

Topics Sofia tech ecosystem, Startups, Venture capital +2

Sofia Business Destination 2022 (EN)

City-level investment promotion brochure positioning Sofia as a business destination for international companies.

Authors Invest Sofia (Sofia Investment Agency)

Topics Investment promotion, Sofia economy, Key sectors +3

OECD Investment Policy Review: Bulgaria

OECD review of Bulgaria’s investment climate and policies, with recommendations to strengthen attractiveness, governance, and responsible investment.

Authors OECD

Topics Investment policy, FDI, Business environment +3