Beyond challenges related to corruption , Bulgaria is a market + 7 million potential consumers. New business dynamics are moving forward with a private sector accounts for more than 80 per cent of GDP. Bulgaria is steadily becoming an industrial economy with scientific and technological research at the top of its budgetary expenditure priorities. Economic activities are fostered by the lowest personal and corporate income tax rates in the EU. Sofia and the surroundings Yugozapaden planning area are the most developed region of the country. Extraction of metals and minerals, production of chemicals, machinery and vehicle components, petroleum refining and steel are among the major industrial activities. Bulgaria is Europe's sixth-largest coal producer. Local deposits of coal, iron, copper and lead are vital for the manufacturing and energy sectors. Top export items of Bulgaria are industrial commodities such as oil products, copper products and phar
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