NUTS-3 BG422 · Bulgaria
Population
207,3562025
GDP
€1,523M2024
Unemployment· NUTS-2 source
3.2%2025
Employment· NUTS-2 source
73%2025
Active firms· FR-only
—
Cadastral parcels· FR-only
—
Area
5,532.3 km²
TerraSight · Compare
2 regions side-by-side
BG422 · EL633
Decision brief
Download brief (PDF)mandate-neutral · ranked by overall opportunity
Best overall fit: Ηλεία (Opportunity 26). Runner-up: Хасково (20). Contrarian pick: Хасково — leads the set on Cost advantage (EU pctl 99).
#1Ηλεία
Strengths
Cost advantage (88) · Freight intensity (66)
Red flags
Economic base (EU bottom 15%)
Labour market (EU bottom 15%)
Talent & skills (EU bottom 15%)
Connectivity (EU bottom 15%)
Industrial base (EU bottom 15%)
Governance (EU bottom 15%)
#2Хасково
Strengths
Cost advantage (99) · Energy cost (65)
Red flags
Economic base (EU bottom 15%)
Demographic outlook (EU bottom 15%)
Connectivity (EU bottom 15%)
Governance (EU bottom 15%)
Why you might not pick Ηλεία
Economic base (EU bottom 15%); Labour market (EU bottom 15%); Talent & skills (EU bottom 15%); Connectivity (EU bottom 15%); Industrial base (EU bottom 15%); Governance (EU bottom 15%). Its weakest dimension is Economic base (EU pctl 4) — Хасково may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: Logistics → Ηλεία · Manufacturing → Хасково · Office → Хасково · Residential → Ηλεία.
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
19.8
26.3
Resilience Indexdiversification, stability, buffers
29.5
38.8
Quality of Lifeprosperity, health, safety, environment
20.7
26.2
Connectivitytransit + air + market access
10.0
4.0
Talent & Human Capitalskills, learning, knowledge workers
29.8
5.8
Growth Momentumrecent GDP / employment trajectory
50.6
63.8
Trajectories · 2012–latest
Real GDP (2020 prices)
4.0% 5y
4.4% 5y
Population
0.6% 5y
0.1% 5y
Unemployment rate
1.2% 5y
14.8% 5y
Derived comparisons
GDP per capita
€7,346
€13,984
Population density
37 /km²
58 /km²
Parcels per 1k pop
FR-only
FR-only
Firms per 1k pop
FR-only
FR-only
All indicators · 86 metrics (Eurostat, all-EU)
Economy
Gross value added, total (current prices)
€1,329M
€1,861M
GVA — agriculture, forestry & fishing (A)
€95M
€462M
GVA — industry (B–E)
€175M
€214M
GVA — manufacturing (C)
€161M
€137M
GVA — construction (F)
€53M
€56M
GVA — wholesale/retail, transport, ICT (G–J)
€371M
€424M
Net disposable household income per capita (NUTS-2 source) ·N2
€6,700
€11,200
GDP per capita in PPS (purchasing-power adjusted)
11,900 PPS
17,300 PPS
GDP per capita (current prices, EUR)
€7,400
€14,000
Gross fixed capital formation — investment (total economy) ·N2
€2,738M
€1,755M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€682M
€79M
Compensation of employees (total wage bill) ·N2
€5,794M
€3,384M
GVA — real estate activities (L)
€187M
€248M
GVA — information & communication (J)
€29M
€19M
GVA — finance, real estate & professional (K–N)
€274M
€333M
GVA — public admin, health & education (O–U)
€360M
€373M
Real GDP (constant 2020 prices, incl. short-term forecast)
€1,283M
€1,932M
Labour productivity per person employed (EUR)
€18,258
€31,981
Gross fixed capital formation, NUTS-3 (ARDECO)
€394M
€453M
Labour market
Employment, total persons
99,350
72,450
Self-employed persons
41,770
35,090
Employment in manufacturing (C)
17,290
2,970
Activity rate, 15–64 (NUTS-2 source) ·N2
69.9%
66.4%
Youth unemployment rate (15–24) ·N2
14.6%
27.1%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
3.2%
9.7%
Labour force aged 15+ (ARDECO)
90,200
66,300
Business demography
Active enterprises (business economy, all sizes)
11,028
9,172
Enterprise births
1,094
595
Enterprise deaths
1,610
314
3-year enterprise survival rate
4.4%
3.8%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.4%
1.6%
Employment in high-tech sectors (% of total) ·N2
3.2%
1.4%
R&D personnel (% of active population, FTE) ·N2
0.5%
1.4%
Education
Tertiary education attainment, age 25–64 ·N2
29.3%
21.7%
Tertiary attainment, age 25–34 (young talent pool) ·N2
36.6%
26.7%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
6.8%
4.2%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
21.0%
14.9%
Scientists & engineers (% of labour force) ·N2
7.5%
5.2%
Digital
Households with internet access ·N2
92.3%
—
Tourism
Nights spent at tourist accommodation (total)
257,193
927,985
Mobility
Passenger cars per 1,000 inhabitants ·N2
457 /1k
318 /1k
Road freight loaded (annual, thousand tonnes)
4,091 kt
5,483 kt
Motorway density (km per 1,000 km²) ·N2
9 km/1000km²
20 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
96
211
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
1
0
Demography
Population aged 15–64 (working age)
124,506
94,892
Population aged 65+
53,895
39,529
Population aged under 15
28,955
18,124
Median age of population
48.9 yrs
47.9 yrs
Old-age dependency ratio (65+ / 15–64)
43.3%
41.7%
Crude rate of total population change
1.2 /1k
9.7 /1k
Crude rate of net migration plus adjustment
10.2 /1k
17.5 /1k
Crude birth rate
7.4 /1k
5.4 /1k
Crude death rate
16.4 /1k
13.2 /1k
Live births
1,529
821
Deaths
3,398
2,007
Total age-dependency ratio (young+old / 15-64)
66.5%
60.8%
Total fertility rate (births per woman)
1.76
1.22
Population density (persons per km²)
38 /km²
59 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
143,128
108,427
Social
At risk of poverty or social exclusion (AROPE) ·N2
34.4%
27.9%
Life expectancy at birth ·N2
76.1 yrs
81.8 yrs
At-risk-of-poverty rate (regional) ·N2
25.6%
23.0%
Health
Hospital beds per 100k inhabitants ·N2
924 /100k
316 /100k
Mortality, all causes (age-standardised rate) ·N2
2,023 /100k
1,085 /100k
Cancer mortality (age-standardised rate) ·N2
240 /100k
234 /100k
Safety & crime
Intentional homicides per 100k inhabitants
1.0 /100k
0.7 /100k
Robberies per 100k inhabitants
10.1 /100k
14.6 /100k
Burglaries per 100k inhabitants
40.6 /100k
109 /100k
Thefts per 100k inhabitants
309 /100k
362 /100k
Road traffic deaths per million inhabitants ·N2
80 /M
93 /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)
251 m
109 m
Hot days ≥30°C (avg per year)
56 days/yr
77 days/yr
Frost days ≤0°C (avg per year)
48 days/yr
3 days/yr
Heavy-precipitation days ≥20mm (avg per year)
7 days/yr
14 days/yr