The economy of Bulgaria is an industrialised, open free market economy, with a large, moderately advanced private sector and a number of strategic state-owned enterprises.
Sofia is the capital and largest city of Bulgaria. Sofia is the major economic center of Bulgaria and home to most major Bulgarian and international companies operating in Bulgaria. Sofia is also the country’s financial hub.
Sofia has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.