The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Bulgaria  
Rank: 56 · Score: 57.1  

Basic facts, 2017        
Population (millions) 7.2   IPOs and pulic issues (quartile) 3rd
GDP (US$ billions) 53.2   M&A volume (quartile) 3rd
GDP per capita (US$) 7,394.0   Venture capital investments (quartile) Bottom
GDP growth (per cent) 3.4   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VCPE Country Attractiveness Index 56 66, 68, 70, 72, 69 57.1
1 Economic Activity 67 44, 40, 51, 62, 58 72.6
2 Depth of Capital Market 57 63, 67, 68, 72, 68 51.4
3 Taxation 76 62, 56, 57, 55, 49 93.0
4 Investor Protection and Corporate Governance 73 48, 47, 45, 58, 52 57.6
5 Human and Social Environment 60 64, 64, 64, 62, 65 47.0
6 Entrepreneurial Opportunities 48 70, 68, 74, 76, 77 58.2


 
Historic performance, 2014-2018   Key driver performance, 2018

   

VCPE Rank  
VC Rank  
PE Rank
Bulgaria  
Eastern Europe
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Envorinment
Entrepreneurial Culture
and Deal Opportunites
Romania 86.1 53.6 98.5 64.2 42.1 56.2
Latvia 67.2 48.8 107.0 69.2 53.0 57.7
Hungary 81.3 46.6 101.5 57.4 52.6 59.9
Bulgaria 72.6 51.4 93.0 57.6 47.0 58.2
Slovenia 72.5 30.7 115.0 67.4 62.5 72.6
Georgia 61.2 42.6 104.4 72.5 53.3 50.4
Croatia 65.6 48.1 91.1 57.1 36.0 52.4
Last updated: 4 Feb 2018