Georgi Valentinov Georgiev, chairman of the Metropolitan Municipal Council, reported that Sofia does not stop growing, and the business in the city continues to develop.
He announced that, for the first time, the gross monthly payment exceeds BGN 2000. in all sectors of the local economy. In the IT sector, the average salary already exceeds BGN 4000.
Georgiev added that the country’s capitalist economy is dominant as the gross domestic product produced by Sofians is nearly 60 billion. Lv. and constitutes almost half of Bulgaria’s economy.
Capital Sofia is sensibly ahead of all other economic centres in Bulgaria due to its complete domination in the services industry, whose gross added value is over 38 billion. Lv.
He said, “This is what the latest research of the Institute of Market Economics presented to us by Peter Ganev and Adrian Nikolov”.
The good news for urban life is that tourism is recovering after the pandemic in only 11 months from 2022. Sofia has over 1.9 million late nights.
The Council’s chairman remarked that the capital had recently created a fast track for business administrative services. This has helped make Sofia an attractive investment destination, and the proof is that more than half of the country’s foreign direct investment is in Sofia.
Georgiev asserted that this is undeniably why many people in the country find professional realization and create families in Sofia, which further engages the city in implementing more infrastructural, educational, social, and cultural projects to meet the needs of citizens as much as possible.