Sofia is the capital and largest city of Bulgaria. 1.3 million people live in the city and 1.7 million people live in its metropolitan area. Sofia is at the foot of Vitosha Mountain in the western part of the country.
Sofia is one of the most visited tourist destinations in Bulgaria alongside coastal and mountain resorts. The city was Europe’s most affordable capital to visit in 2013.
Being Bulgaria’s primate city, Sofia is a hometown of many of the major local universities, cultural institutions and commercial companies. Sofia is one of the top 10 best places for start-up business in the world, especially in information technologies.
Up until 2007 Sofia experienced rapid economic growth. In 2008, apartment prices increased dramatically, with a growth rate of 30%. In 2009, prices fell by 26%.
In January 2015 Sofia was ranked 30th out of 300 global cities in terms of combined growth in employment and real gross domestic product (GDP) per capita in 2013–2014. This was the highest rank amongst cities in Southeast Europe.
In 2017, Forbes listed Sofia as one of the top 10 places in the world to launch a startup business, because of the low corporate tax (10%), the extremely fast internet connection speed available – one of the fastest in the world.