Europe/Africa: Sofia, Bulgaria

Europe/Africa: Sofia, Bulgaria

Population: 1.2 million
Ease of Doing Business Rank (Bulgaria): 45
Rigidity of Employment Index (Bulgaria): 29

To make Sofia into an IT hub, city officials have offered tax breaks and other incentives to companies relocating to Bulgaria's capital. Within easy reach of Western Europe, Sofia's labor costs are roughly 10% less than those in Germany, but still twice the Bulgarian average.