Greek, Romanian Companies Move to Bulgarian Tax Haven
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Greek and Romanian companies that registered in Bulgaria rose last year as executives sought to take advantage of low taxes and a stable currency in the neighboring Balkan country.
The number of Greek companies paying taxes in Bulgaria rose 75 percent to 3,781 from 2,199 in 2010, the National Revenue Agency in Sofia said in an e-mailed statement today. Romanian companies in Bulgaria increased 50 percent to 401 from 272 in 2010, according the agency.