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2 regions side-by-side

RO317 · BG321

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NUTS-3 RO317 · Romania
Population
313,0332025
GDP
€3,526M2024
Unemployment· NUTS-2 source
8.6%2025
Employment· NUTS-2 source
68.3%2025
Active firms· FR-only
Cadastral parcels· FR-only
Area
5,793.8 km²
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

Decision brief

Download brief (PDF)mandate-neutral · ranked by overall opportunity

Best overall fit: Teleorman (Opportunity 28). Runner-up: Велико Търново (27). Contrarian pick: Велико Търново — leads the set on Cost advantage (EU pctl 99).

Strengths
Cost advantage (98) · Energy cost (52)
Red flags
Economic base (EU bottom 15%)
Demographic outlook (EU bottom 15%)
Labour market (EU bottom 15%)
Governance (EU bottom 15%)
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%)
Why you might not pick Teleorman
Economic base (EU bottom 15%); Demographic outlook (EU bottom 15%); Labour market (EU bottom 15%); Governance (EU bottom 15%). Its weakest dimension is Demographic outlook (EU pctl 1) — Велико Търново may suit a mandate that weights that higher.
How robust is this recommendation?
The leader depends on the mandate: LogisticsВелико Търново · ManufacturingВелико Търново · OfficeTeleorman · ResidentialВелико Търново.
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
28.2
26.6
Resilience Indexdiversification, stability, buffers
36.3
33.3
Quality of Lifeprosperity, health, safety, environment
26.7
20.9
Connectivitytransit + air + market access
21.7
8.0
Talent & Human Capitalskills, learning, knowledge workers
16.0
22.0
Growth Momentumrecent GDP / employment trajectory
40.0
59.6

Trajectories · 2012–latest

Real GDP (2020 prices)
0.4% 5y
7.2% 5y
Population
1.0% 5y
1.1% 5y
Unemployment rate
8.2% 5y
6.8% 5y

Derived comparisons

GDP per capita
€11,262
€11,304
Population density
54 /km²
43 /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)
€3,195M
€1,977M
GVA — agriculture, forestry & fishing (A)
€265M
€99M
GVA — industry (B–E)
€593M
€371M
GVA — manufacturing (C)
€345M
€323M
GVA — construction (F)
€152M
€123M
GVA — wholesale/retail, transport, ICT (G–J)
€683M
€519M
Net disposable household income per capita (NUTS-2 source) ·N2
€7,400
€6,500
GDP per capita in PPS (purchasing-power adjusted)
18,600 PPS
18,200 PPS
GDP per capita (current prices, EUR)
€11,200
€11,300
Gross fixed capital formation — investment (total economy) ·N2
€7,781M
€1,276M
Investment in manufacturing capex (GFCF, NACE C) ·N2
€1,628M
€285M
Compensation of employees (total wage bill) ·N2
€12,452M
€3,129M
GVA — real estate activities (L)
€651M
€212M
GVA — information & communication (J)
€25M
€36M
GVA — finance, real estate & professional (K–N)
€912M
€315M
GVA — public admin, health & education (O–U)
€591M
€549M
Real GDP (constant 2020 prices, incl. short-term forecast)
€2,181M
€1,901M
Labour productivity per person employed (EUR)
€34,941
€29,298
Gross fixed capital formation, NUTS-3 (ARDECO)
€840M
€528M
Labour market
Employment, total persons
112,320
98,030
Self-employed persons
36,320
23,420
Employment in manufacturing (C)
12,050
20,710
Activity rate, 15–64 (NUTS-2 source) ·N2
68.4%
72.1%
Youth unemployment rate (15–24) ·N2
39.3%
20.3%
Unemployment rate 15-74, NUTS-3 native (ARDECO)
8.6%
4.0%
Labour force aged 15+ (ARDECO)
130,300
89,400
Business demography
Active enterprises (business economy, all sizes)
9,589
10,034
Enterprise births
899
1,056
Enterprise deaths
594
1,304
3-year enterprise survival rate
7.1%
4.8%
Innovation & R&D
R&D expenditure as % of GDP ·N2
0.4%
0.3%
Employment in high-tech sectors (% of total) ·N2
1.5%
2.7%
R&D personnel (% of active population, FTE) ·N2
0.2%
0.5%
Education
Tertiary education attainment, age 25–64 ·N2
14.0%
31.2%
Tertiary attainment, age 25–34 (young talent pool) ·N2
16.7%
41.6%
Adult participation in learning, age 25–64 (last 4 weeks) ·N2
11.4%
4.9%
Knowledge workers — tertiary-educated & in science/tech (% of labour force) ·N2
11.8%
20.4%
Scientists & engineers (% of labour force) ·N2
4.6%
4.2%
Digital
Households with internet access ·N2
94.7%
91.0%
Tourism
Nights spent at tourist accommodation (total)
4,800
352,026
Mobility
Passenger cars per 1,000 inhabitants ·N2
403 /1k
492 /1k
Distinct public-transport stop locations within the region (GTFS feeds, deduplicated across overlapping feeds by coordinate). A measure of transit-network extent.
41
1
Road freight loaded (annual, thousand tonnes)
5,253 kt
3,877 kt
Public-transport stops per 100,000 inhabitants — transit service density relative to population (GTFS feeds, coordinate-deduplicated).
13
1
Motorway density (km per 1,000 km²) ·N2
9 km/1000km²
0 km/1000km²
Distance from the region centroid to the nearest major (large) airport, in km - air-connectivity accessibility. Lower is better.
87
143
Number of major (large) airports within 100 km of the region centroid - air-hub catchment richness.
2
0
Demography
Population aged 15–64 (working age)
190,651
120,027
Population aged 65+
83,121
55,313
Population aged under 15
39,261
25,073
Median age of population
49.4 yrs
50.0 yrs
Old-age dependency ratio (65+ / 15–64)
43.6%
46.1%
Crude rate of total population change
-7.8 /1k
-9.0 /1k
Crude rate of net migration plus adjustment
4.1 /1k
2.7 /1k
Crude birth rate
5.6 /1k
6.9 /1k
Crude death rate
17.5 /1k
18.7 /1k
Live births
1,749
1,398
Deaths
5,495
3,765
Total age-dependency ratio (young+old / 15-64)
64.2%
67.0%
Total fertility rate (births per woman)
1.27
1.55
Population density (persons per km²)
55 /km²
44 /km²
Projected population, 2030–2040 (EUROPOP2019 baseline)
124,228
109,315
Social
At risk of poverty or social exclusion (AROPE) ·N2
27.5%
33.8%
Life expectancy at birth ·N2
76.3 yrs
74.9 yrs
At-risk-of-poverty rate (regional) ·N2
19.3%
23.5%
Health
Hospital beds per 100k inhabitants ·N2
542 /100k
798 /100k
Mortality, all causes (age-standardised rate) ·N2
1,895 /100k
2,261 /100k
Cancer mortality (age-standardised rate) ·N2
207 /100k
223 /100k
Safety & crime
Intentional homicides per 100k inhabitants
0.3 /100k
0.0 /100k
Robberies per 100k inhabitants
3.5 /100k
10.9 /100k
Burglaries per 100k inhabitants
87.2 /100k
26.7 /100k
Thefts per 100k inhabitants
126 /100k
384 /100k
Road traffic deaths per million inhabitants ·N2
76 /M
76 /M
Governance & institutions
Government effectiveness, WGI score -2.5..2.5 (country)
0.20
-0.07
Regulatory quality, WGI score -2.5..2.5 (country)
0.39
0.25
Rule of law, WGI score -2.5..2.5 (country)
0.44
-0.10
Control of corruption, WGI score -2.5..2.5 (country)
0.07
-0.14
Political stability & absence of violence, WGI score (country)
0.55
0.33
Energy
Industrial electricity price, 2-20 GWh band, excl. taxes (national)
€0.155/kWh
€0.135/kWh
Industrial gas price, 10-100k GJ band, excl. taxes (national)
€0.051/kWh
€0.041/kWh
Climate
Elevation at region centroid (Copernicus DEM)
87 m
99 m
Hot days ≥30°C (avg per year)
43 days/yr
40 days/yr
Frost days ≤0°C (avg per year)
67 days/yr
58 days/yr
Heavy-precipitation days ≥20mm (avg per year)
4 days/yr
4 days/yr