NUTS-3 BG321 · Bulgaria
Population
200,4132025
GDP
€2,266M2024
Unemployment· NUTS-2 source
4%2025
Employment· NUTS-2 source
75%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
4,667.7 km²
TerraSight · Compare
2 regions side-by-side
BG321 · EL644
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Велико Търново (Opportunity 27). Runner-up: Φθιώτιδα (23). Contrarian pick: Φθιώτιδα — leads the set on Demographic outlook (EU pctl 96).
Strengths
Cost advantage (99) · Energy cost (65)
Red flags
Economic base (EU bottom 15%)
Connectivity (EU bottom 15%)
Digital readiness (EU bottom 15%)
Governance (EU bottom 15%)
#2Φθιώτιδα
Strengths
Demographic outlook (96) · Cost advantage (86)
Red flags
Economic base (EU bottom 15%)
Talent & skills (EU bottom 15%)
Connectivity (EU bottom 15%)
Freight intensity (EU bottom 15%)
Governance (EU bottom 15%)
Why you might not pick Велико Търново
Economic base (EU bottom 15%); Connectivity (EU bottom 15%); Digital readiness (EU bottom 15%); Governance (EU bottom 15%). Its weakest dimension is Governance (EU pctl 0) — Φθιώτιδα may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Велико Търново · Manufacturing → Велико Търново · Office → Φθιώτιδα · Residential → Φθιώτιδα.
Phase-2 diligence checklist
- Site-level grid connection capacity and power pricing (beyond country-grain energy data)
- Local incentives, tax regimes and permitting timelines
- Workforce depth for your specific roles (the talent pillar is a proxy)
- Real-estate availability, rents and land — public pan-EU data stops at the Nordics
This is a mandate-neutral read. To weight the pillars to your thesis, run these regions through the Site Screener — it ranks all 1,211 regions under your weights and exports the full PDF. First-pass macro screening, not investment advice.
Composite intelligence · 0–100 EU-percentile scores
Opportunity Indexscale + growth + access + structure
26.6
22.9
Resilience Indexdiversification, stability, buffers
33.3
19.0
Quality of Lifeprosperity, health, safety, environment
20.9
22.0
Connectivitytransit + air + market access
8.0
5.3
Talent & Human Capitalskills, learning, knowledge workers
22.0
11.0
Growth Momentumrecent GDP / employment trajectory
59.6
46.6
Trajectories · 2012–latest
Real GDP (2020 prices)
7.2% 5y
3.7% 5y
Population
1.1% 5y
1.6% 5y
Unemployment rate
6.8% 5y
14.8% 5y
Derived comparisons
GDP per capita
€11,304
€18,698
Population density
43 /km²
30 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 88 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€1,977M
€2,160M
GVA — agriculture, forestry & fishing (A)
€99M
€130M
GVA — industry (B–E)
€371M
€657M
GVA — manufacturing (C)
€323M
€565M
GVA — construction (F)
€123M
€22M
GVA — wholesale/retail, transport, ICT (G–J)
€519M
€478M
Net disposable household income per capita (NUTS-2 source) ·N2
€6,500
€11,400
GDP per capita in PPS (purchasing-power adjusted)
18,200 PPS
19,600 PPS
GDP per capita (current prices, EUR)
€11,300
€15,900
Gross fixed capital formation — investment (total economy) ·N2
€1,276M
€2,619M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€285M
€156M
Compensation of employees (total wage bill) ·N2
€3,129M
€3,486M
GVA — real estate activities (L)
€212M
€283M
GVA — information & communication (J)
€36M
€17M
GVA — finance, real estate & professional (K–N)
€315M
€420M
GVA — public admin, health & education (O–U)
€549M
€454M
Real GDP (constant 2020 prices, incl. short-term forecast)
€1,901M
€2,267M
Labour productivity per person employed (EUR)
€29,298
€34,099
Gross fixed capital formation, NUTS-3 (ARDECO)
€528M
€755M
Labour market
Employment, total persons
98,030
79,890
Self-employed persons
23,420
33,180
Employment in manufacturing (C)
20,710
7,400
Activity rate, 15–64 (NUTS-2 source) ·N2
72.1%
70.4%
Youth unemployment rate (15–24) ·N2
20.3%
18.5%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
4.0%
8.6%
Labour force aged 15+ (ARDECO)
89,400
60,700
Business demography
Active enterprises (business economy, all sizes)
10,034
9,738
Enterprise births
1,056
622
Enterprise deaths
1,304
350
3-year enterprise survival rate
4.8%
3.7%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.3%
1.1%
Employment in high-tech sectors (% of total) ·N2
2.7%
1.5%
R&D personnel (% of active population, FTE) ·N2
0.5%
0.7%
Education
Tertiary education attainment, age 25–64 ·N2
31.2%
24.7%
Tertiary attainment, age 25–34 (young talent pool) ·N2
41.6%
33.2%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
4.9%
3.2%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
20.4%
14.4%
Scientists & engineers (% of labour force) ·N2
4.2%
5.8%
Digital
Households with internet access ·N2
91.0%
—
Tourism
Nights spent at tourist accommodation (total)
352,026
340,144
Mobility
Passenger cars per 1,000 inhabitants ·N2
492 /1k
278 /1k
Road freight loaded (annual, thousand tonnes)
3,877 kt
1,570 kt
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
1
1
Motorway density (km per 1,000 km²) ·N2
0 km/1000km²
18 km/1000km²
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
1
1
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
143
184
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
0
0
Demography
Population aged 15–64 (working age)
120,027
79,437
Population aged 65+
55,313
37,824
Population aged under 15
25,073
15,133
Median age of population
50.0 yrs
51.4 yrs
Old-age dependency ratio (65+ / 15–64)
46.1%
47.6%
Crude rate of total population change
-9.0 /1k
-10.6 /1k
Crude rate of net migration plus adjustment
2.7 /1k
-1.3 /1k
Crude birth rate
6.9 /1k
5.5 /1k
Crude death rate
18.7 /1k
14.8 /1k
Live births
1,398
732
Deaths
3,765
1,970
Total age-dependency ratio (young+old / 15-64)
67.0%
66.7%
Total fertility rate (births per woman)
1.55
1.25
Population density (persons per km²)
44 /km²
30 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
109,315
114,665
Social
At risk of poverty or social exclusion (AROPE) ·N2
33.8%
27.4%
Life expectancy at birth ·N2
74.9 yrs
82.1 yrs
At-risk-of-poverty rate (regional) ·N2
23.5%
24.6%
Health
Hospital beds per 100k inhabitants ·N2
798 /100k
211 /100k
Mortality, all causes (age-standardised rate) ·N2
2,261 /100k
1,039 /100k
Cancer mortality (age-standardised rate) ·N2
223 /100k
222 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.0 /100k
1.5 /100k
Robberies per 100k inhabitants
10.9 /100k
12.7 /100k
Burglaries per 100k inhabitants
26.7 /100k
182 /100k
Thefts per 100k inhabitants
384 /100k
461 /100k
Road traffic deaths per million inhabitants ·N2
76 /M
113 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
-0.07
0.56
Regulatory quality, WGI score -2.5..2.5 (country)
0.25
0.42
Rule of law, WGI score -2.5..2.5 (country)
-0.10
0.49
Control of corruption, WGI score -2.5..2.5 (country)
-0.14
0.32
Political stability & absence of violence, WGI score (country)
0.33
0.24
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.135/kWh
€0.143/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.041/kWh
€0.039/kWh
Climate
Elevation at region centroid (Copernicus DEM)
99 m
162 m
Hot days ≥30°C (avg per year)
40 days/yr
87 days/yr
Frost days ≤0°C (avg per year)
58 days/yr
15 days/yr
Heavy-precipitation days ≥20mm (avg per year)
4 days/yr
8 days/yr