CLEAN : Greek businesses find safe haven in Bulgaria from crisis

CLEAN : Greek businesses find safe haven in Bulgaria from crisis

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

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Over the past decade, Greek companies and individuals have increasingly moved their businesses to Bulgaria due to lower costs and taxes. The banking and payment systems in Bulgaria, partly owned by Greek institutions, have facilitated this migration. Since 2010, over 60,000 individual bank accounts have been opened, and around 4,000 companies have relocated. This trend accelerated recently, with no negative impact on the region's image. International markets view Greece as problematic but not its neighbors.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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