Bulgaria is the third best place in world for locating manufacturing

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Bulgaria is the third most perspective destination in the world for locating manufacturing facilities, shows the latest annual report of Cushman & Wakefield entitled ”Where in the world? Manufacturing index 2015”.

The country has come up four positions in comparison to its ranking in 2014. Bulgaria rankes only after Vietnam and Tunisia in the group of countries identified as ”rising stars”. Countries are estimated according to three groups of criteria - market operating conditions, risks and operating costs.

The criteria under risks include the likelihood of natural disasters as well as economic, corporate and energy risks. The criteria featured under conditions are quality of the labor force, logistics and access to markets, business environment, time to first supply and sustainability/corporate responsibility.

The report features separate ranking for the countries, which have established themselves as manufacturing destinations. On its top it’s Malaysia, followed by Taiwan, China, the USA, South Korea, Canada, Singapore, Turkey, Thailand and Indonesia.

Bulgaria ranks best on operating costs due to its cheap labor force and low taxes. Among the most perspective destinations for locating manufacturing facilities are also Lithuania, the United Arab Emirates, Estonia, Costa Rica, Peru, Sri Lanka and Ukraine.