Greek Malaise Means Gain for Bulgaria as Firms Seek Refuge

Bulgaria is the European Union’s poorest country. For Iosif Komninakidis, it is a haven from the debt crisis in his native Greece that has cost his jeans factory 30 percent of its business.

Staff Jeans & Co.’s Intex has a sewing plant in Rakovski, Bulgaria, about 180 kilometers (111 miles) north of the border. It is one of more than 2,000 Greek companies operating in the former communist country, 40 percent of whom were registered this year, the National Revenue Agency in Sofia said.