Bulgaria: Facts and Figures Area: 110,993 sq. km Population: 7,364,570 Borders: Romania Black Sea Greece and Turkey Serbia and Macedonia Capital: Sofia Official language: Bulgarian Alphabet: Cyrillic Dominant foreign languages: English, Russian, German

投资保加利亚的优势 Why invest in Bulgaria? 政经环境稳定 Political and business stability 欧盟成员国 EU member 欧盟货币委员会成员国 Currency board 低赤字及外债 Low budget deficit and government debt 营商成本低廉 Low cost of doing business 10%公司税率 corporate tax rate (高失业地区免税 0% in high unemployment areas) 10%个人所得税率 personal income tax 欧盟最为低廉的劳动力成本 Lowest cost of labor within EU 低租金及共用事业成本 Favorable office rents and low cost of utilities 高素质的就业大军 Educated and skilled workforce 政府鼓励措施 Government incentives

宏观经济数据 Macroeconomic indicators 2 宏观经济数据 Macroeconomic indicators 实际GDP增长率 / Real GDP Growth 欧盟通胀指数 / Inflation (HICP) Bulgarian EU-28 Bulgarian EU-28 0,4% 0,4% 2006 2007 2008 2009 2010 2011 2012 2013 2007 2008 2009 2010 2011 2012 2013 2014* * September 失业率 / Unemployment 外商直接投资 / FDI Inflow Bulgarian EU-28 € mln. 9,052 9,2% 6,222 6,728 6,3% 2,437 1,151 1,330 1,142 1,157 2007 2008 2009 2010 2011 2012 2013 2014* 2006 2007 2008 2009 2010 2011 2012 2013 * September Source: Bulgarian National Bank, Eurostat

政府经济数据 Government financial indicators 政府经济数据 Government financial indicators 平均政府债务占比 Average government debt (2007-2013) Greece Italy Belgium Portugal Iceland France Ireland Hungary Germany United Kingdom Malta Austria Cyprus Netherlands Spain Poland Turkey Sweden Slovakia Denmark Latvia Czech Republic Finland Norway Slovenia Romania Croatia Lithuania Bulgaria Luxembourg Estonia -13% -12% -11% -7% -6% -5% -4% -3% -2% -1% 0% 1% 15% 平均政府预算赤字/盈余占比 Average budget deficit/surplus (2007-2012) Source: Eurostat

全欧盟最低的税率 The lowest taxes in EU 各国比较 Country comparison 所得税 Income Tax (%) 社保 Social Security (%) 增值税 VAT (%) 企业 Corporate 个人 Individual 雇主 Employer 雇员 Employee 保加利亚 Bulgaria 10 17,9-18,5 12,9 20 塞尔维亚 Serbia 15 10-20 16,9 罗马尼亚 Romania 16 28,45 16,5 24 匈牙利 Hungary 10/19 28,5 18,5 27 捷克 Czech Rep. 19 22 34 11 21 波兰 Poland 18/32 22,14 13,7 23 土耳其 Turkey 15-35 18 斯洛伐克 Slovakia 19-25 34,8 13,4 英国 UK 0-45 13.8 12 意大利 Italy 27,5 23-43 30 西班牙 Spain 24,75-52 29,9 6,35 德国 Germany 30-33 (有效税率effective) 14-45 19,7 20,6 法国 France 33,33 5,5-41 50 19,60 (*) means anything? Source: Worldwide-tax

拥有欧洲最低的经商成本 Bulgaria has one of the lowest business costs in Europe 10,65 拥有欧洲最低的经商成本 Bulgaria has one of the lowest business costs in Europe 天然气价格 Gas prices for industrial users in Europe 电价 Electricity prices for industrial users in Europe €/GJ, 2013 €/kWh, 2013 捷克 Czech Rep 9,00 保加利亚 Bulgaria 保加利亚 Bulgaria 9,89 爱沙尼亚 Estonia 波兰 Poland 10,06 德国 Germany 奥地利 Austria 10,17 土耳其 Turkey 意大利 Italy 10,53 罗马尼亚 Romania EU 平均 Average 10,56 匈牙利 Hungary 西班牙 Spain 10,65 EU 平均 Average 法国 France 11,03 捷克 Czech Rep 德国 Germany 12,23 斯洛伐克 Slovakia Source: Eurostat

保加利亚薪资水平 Salaries in Bulgaria 职位平均工资，欧元/月 Average salary by position, EUR per month Labour cost / Salary 占比 % of the Gross Salary 总经理 Top Management 管理人员Management 工程师 R&D Engineers 技术人员Technicians 熟练工Skilled labor 学徒Unskilled labor In EUR, per month 低Low 高High 净工资Net Salary Employee 77,1% 924 1925 576 770 539 693 347 462 285 385 216 270 总工资 Gross Salary Employee 100% 1200 2500 750 1000 700 900 450 600 370 500 280 350 雇主总支出Total Cost for Company 117,9% 1415 2948 884 1179 825 1061 531 707 436 590 330 413 区域平均工资，欧元/月 Average gross salary by region, EUR per month 统计区划 Statistical region 西北 North-West 中北 North Central 东北 North-East 东南 South-East 西南 South-West 中南 South Central 2013.09 326 330 369 370 505 331 Source: IBA Analysis, National Statistics Institute

Number of universities in some of the biggest cities 高学历、积极灵活并掌握多种语言的劳动力 Bulgaria has highly-qualified, well-motivated, flexible and multilingual labour force 主要城市毕业生学科构成 Number of universities in some of the biggest cities 53 所各类高校/ Universities, colleges and higher schools 494 所职业学院/ Vocational gymnasiums and colleges 80,000 学生留学海外/Bulgarian students in foreign countries 24,6% 人口拥有高等学历/Population hold university degree 7% 劳动力拥有工程学位/Workforce has engineering degrees 45,5% 人口至少会说一门外语/Population speak at least one foreign language 85% 学生学习英语/Students studied English Blagoevgrad Veliko Tarnovo Burgas Varna 1 高校总数Total number of higher schools* 53 大学 Universities and equivalent higher schools 45 大专 Colleges 29 独立学院 Independent colleges 8 隶属于大学 Colleges, at the universities and equivalent higher schools 21 *Incl. universities and equivalent higher schools and independent colleges Plovdiv 1 Sofia 6 其它 Other 商科 Business field 工科 Technical sciences Source: National Statistics Institute

Chinese investments in Bulgaria 中国企业在保加利亚的投资 Chinese investments in Bulgaria 两国已签署避免双重征税的协定 Treaty for avoidance of double taxation between Bulgaria and China 两国已签署促进双边贸易及投资保护的协定 Bilateral treaty for mutual promotion and protection of investments between Bulgaria and China 中国对保投资（2002-2013年）共计8210万欧元 Chinese investments (2002-2013) 143,9 EUR mln. 中国在保最大的投资领域为机电、IT、电讯及贸易 The biggest Chinese investments are in Electrical engineering, IT, Telecom and Trade 2010-2013 – 120,8 (€ mln.) 40,6 25,7 49,2 2002-2009 – 12,3 (€ mln.) 5,7 5,3 1,9 1,7 1,2 0,2 0,4 0,6 0,6 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: Bulgarian National Bank

Great Wall + Litex Motors Tianjin State Farms Agribusiness Group Co 中国企业在保加利亚的投资 Chinese investments in Bulgaria Great Wall + Litex Motors Tianjin State Farms Agribusiness Group Co Huawei ZTE Chongqing Lifan SVA Group Huahang Electric

The role of China as a trade partner for Bulgaria 中国作为投资伙伴的作用 The role of China as a trade partner for Bulgaria 自2008年金融危机以来，进口增长了15% Imports are at 15% growth since the pre-crisis period 自2009年以来，出口增长了575% Exports are at 575% growth compared to 2009 1.800 +15% 1.600 进口 Import (€ mln.) 1.400 出口 Export (€ mln.) 1.200 1.000 800 +575% 600 400 200 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Source: Bulgarian National Bank

保加利亚《投资促进法》 Investment Promotion Act (IPA) 准入领域 Investments must be related to the following sectors: 制造业 Manufacturing 研发 Research & development 教育 Education 医疗 Healthcare 高科技 High-tech services 最低投资额 Minimum investment amounts 〉€2,5 mln. €1mln.: 高失业地区 regions with high unemployment, €0,5 mln.: 高科技领域 investment projects in high-tech services 合规投资者优惠待遇 Benefits for certified investors include: 简化审批 Shortened administrative procedures 优先购买国有及地方土地 Preferential acquisition of state or municipal land 职业培训/教育补贴 Financial support for professional training / education 基础设施修建扶持 Infrastructure subsidies 用工补贴 Labor cost subsidies 个性化行政服务 Individual administrative services

众多全球知名企业已落户在保加利亚 Leading global investors have chosen Bulgaria IT开发 IT development 后台运营 Back office operations 化工及金属制造 Chemical and metal Industry 工程 Engineering 食品加工 Food

保加利亚投资署 Invest Bulgaria Agency 保加利亚政府专属投资促进部门，隶属于经济、能源及旅游部 Government investment promotion arm, part of the Ministry of Economy and Energy 主要服务内容 IBA services: 宏观数据调研 Macroeconomic data on Bulgaria 法律咨询 Legal advice 运营成本数据调研 Data on operational costs 区域数据调研：工业园区及基础设施、就业人数、劳动力能力及教育水平 Regional information: industrial zones and infrastructure, data on unemployment, skilled labor force and level of education 项目推荐 Recommendation of investment project sites 供货商、分包商、合作伙伴推荐 Identification of potential suppliers, contract manufacturers and joint-venture partners 个性化政务服务 Personalized administrative servicing 中央及地方政府机构协调 Liaison with central and local governments 分支机构及非政府组织机构协调 Liaison with branch chambers and NGOs 14