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Farmaco Business Development Friesland

NORTH-EAST BULGARIA

The region of North East Bulgaria covers an area of 20,000 sq km and is the third largest region in Bulgaria. Borders are the Black Sea to the east, the Danube river to the north and the Balkan range to the south. The region includes six districts (Varna, Dobrich, Razgrad, Silistra, Targovishte and Shumen) and has a total population of 1.3 million people, which equals 16% of the national population, and produces 14.4% of the Bulgarian GDP.

 

Small and Medium-sized companies create most of the regional gross added value and thus are significantly important to economic development. Important industries are agriculture including food-processing industry, maritime industry, construction,  textile and tailoring industry, wood-processing industry, machine-building industry and transport. Industry in the region employs a total of one third of the workforce, while over 60% work in the service sector.

 

Transport infrastructure is good; three pan-European transport routes and three international roads cross North East Bulgaria. Located in the region are also an international airport (Varna), a sea port (Varna) and a river port (Silistra).
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