経済・産業概況
Bulgaria is an upper-middle-income EU member state with a diversified economy anchored by manufacturing, services, tourism, energy, and a growing IT and outsourcing sector. The lev is pegged to the euro at a fixed rate, providing monetary stability, and Bulgaria is pursuing eurozone accession. Key export sectors include refined petroleum products, copper, pharmaceuticals, machinery, and agricultural goods. The economy recorded real GDP growth of approximately 2.4% on a decade average and 3.1% in 2025, supported by EU structural and recovery funds. Persistent demographic decline and emigration remain structural headwinds to long-term growth.
主要セクター
Bulgariaのすべてを知る →マクロ
| GDP 名目, USD | $112.21B |
| GDP成長率 実質, 年率 | 2.4% |
| インフレ率 年率 | 3.5% |
| 人口 人 | 6.5M |
| 一人当たりGDP USD | $17,596 |
| 時価総額 上場総額, USD | $8.90B |
| 時価総額/GDP | 7.9% |
| 失業率 | 4.2% |
| 上場企業数 | 250 |
| 取引所 | Bulgarian Stock Exchange (BSE) |
データ年度: 2024. 出典: World Bank – GDP (current US$) 2024, IMF World Economic Outlook (April 2026), FocusEconomics – Bulgaria Economic Indicators, Macrotrends – Bulgaria Unemployment Rate, European Commission – Economic Forecast for Bulgaria (Spring 2026), Bulgarian Stock Exchange (bse-sofia.bg) – Market Statistics, Wikipedia – Bulgarian Stock Exchange, Wikipedia – SOFIX Index Constituents (February 2026), TheGlobalEconomy.com – Bulgaria Inflation & Unemployment, FinancialReports.eu – Bulgaria Listed Companies, CEIC Data – BSE Market Capitalization.
最新ニュース
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主要上場企業
現地主要取引所における時価総額上位企業。
| # | 企業 | セクター | 時価総額USD | 米国上場 |
|---|---|---|---|---|
| 1 | Eurohold BulgariaEUBG · BSE | Financials / Insurance | $650.00M | — |
| 2 | First Investment BankFIB · BSE | Financials / Banking | $420.00M | — |
| 3 | SopharmaSFA · BSE | Pharmaceuticals | $380.00M | — |
| 4 | Shelly GroupSLYG · BSE | Industrials / Smart Home Technology | $350.00M | — |
| 5 | ChimimportCHIM · BSE | Diversified Industrials | $280.00M | — |
| 6 | MonbatMBT · BSE | Industrials / Batteries | $220.00M | — |
| 7 | Central Cooperative BankCCB · BSE | Financials / Banking | $200.00M | — |
| 8 | Sirma Group HoldingSGH · BSE | Information Technology | $160.00M | — |
| 9 | Advance Terrafund REITATER · BSE | Real Estate / REIT | $140.00M | — |
| 10 | Doverie United HoldingDUH · BSE | Diversified / Industrials | $130.00M | — |
| 11 | Bulgarian Real Estate Fund REITBREF · BSE | Real Estate / REIT | $110.00M | — |
| 12 | Holding VarnaHVAR · BSE | Real Estate / Diversified | $95.00M | — |
| 13 | Bulgarian Stock Exchange ADBSE · BSE | Financials / Exchange Operations | $90.00M | — |
| 14 | Elana Agrocredit ADEAC · BSE | Financials / Agricultural Lending | $75.00M | — |
| 15 | Smart Organic ADSO · BSE | Food & Beverage / Organic Products | $55.00M | — |
| 16 | Wiser Technology ADWISR · BSE | Information Technology | $45.00M | — |
米国上場ETF
この市場へのエクスポージャーを持つ米国上場ファンド、多くの米国投資家にとって最もシンプルなアクセス手段です。
現地取引所とアクセス方法
| 取引所 | Bulgarian Stock Exchange |
| コード | BSE |
| ウェブサイト | www.bse-sofia.bg |
| 通貨 | BGN |
現地ブローカーアクセス
The Bulgarian Stock Exchange (BSE) in Sofia is the sole licensed domestic exchange. International retail investors typically access BSE-listed securities through EU-regulated brokers with access to the BSE trading platform (T7 system). Interactive Brokers provides access to BSE for eligible clients. Liquidity on the main market is moderate; bid-ask spreads can be wide for smaller-cap names. Settlement is in BGN (T+2). No major US full-service broker offers direct BSE trading; European brokers such as Saxo Bank, Exante, and Freedom Finance Europe provide the most accessible routes for non-Bulgarian residents.
海外市場対応のグローバルブローカー
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
参考情報として掲載しており、推奨ではありません。対応市場、手数料、口座開設条件はブローカーや居住国によって異なります。
移住・居住権
投資ビザ・居住権プログラム
付与内容 No formal investment-migration programme (CBI abolished 2022)
Bulgaria formally abolished its Citizenship by Investment (CBI) programme in March 2022 following pressure from the European Commission and European Parliament. The programme had previously allowed non-EU nationals to obtain Bulgarian citizenship by investing BGN 2 million (approximately USD 1.1 million) in government bonds or regulated investment vehicles. No equivalent direct citizenship-by-investment route is currently in place. A standard long-term residency permit may still be obtained by non-EU nationals who establish a company employing Bulgarian citizens or through other legal migration channels, but these are not formalised investment-migration programmes.
申請のサポートが必要な場合は、投資移住専門のアドバイザー(例: Henley & Partners.
外国人投資家のアクセス
Bulgaria is an EU and Schengen member state (Schengen accession completed January 2024 for air and sea borders). EU/EEA citizens may reside and work without restriction. Non-EU nationals may apply for long-term residence permits under standard immigration rules. The cost of living is among the lowest in the EU, and Sofia has an active expat and digital-nomad community. Bulgaria applies a flat 10% personal income tax rate.
米国上場ADR・クロスリスティング
米国でも株式が取引されている当該国の企業、通常の米国証券口座で投資可能です。
| 企業 | 米国ティッカー | 現地ティッカー | 備考 |
|---|---|---|---|
| First Investment Bank AD | FIB | No US ADR programme exists for Fibank. Shares are listed solely on the Bulgarian Stock Exchange in Sofia. | |
| Shelly Group AD | SLYG | Shelly Group trades on the BSE and via the EuroBridge dual-listing segment connected to Deutsche Börse Xetra, but holds no US ADR or OTC listing as of the data year. | |
| Sopharma AD | SFA | Sopharma has no US ADR or OTC-listed cross-listing. Shares trade exclusively on the Bulgarian Stock Exchange in BGN. International investors access the stock through BSE-connected brokers. |