I'm professional electronics engineer and went to Varna, Bulgaria for
land investment.I purchased some lands and made contacts with people.
I enjoyed the stay and Varna is undergoing infrastructure revolution,
ie motorway, new housing estate (which I bought some land), shopping
mall, nuclear power station, airport enlargement and so on. Brussel
has approved Euro membership (Jan 2007).
I have keen eye on Varna and looking into possibiliy of long term
relocation in Varna. I can sell my home and transfer assest into Varna
where I can buy decent home with remaining to live reasonably
comfortably and work there.
I also learned that while the cost of living is very low and tax is
very low, the wage is also very low compared to UK or european
Now I faced with difficult choice:- Should I stay in UK, earning £35K
and suffered high taxation, boring place to live. Or relocate to Varna
and start new career, more challanging place, better food, but with
lower income 8K to 10K Euro, but I may earn more by property
investment or other job type.
I trying to understand how the Bulgaria change with European, what
kind of schedule and how this affects taxation, employer, employee for
the next 10-20 years. I also trying to understand how to benefit from
this relocation and the risk factor.
I am 40 year old, partial hearing, professional electronics engineer in Tewkesbury.
Request for Question Clarification by
07 Nov 2006 05:27 PST
It all depends on what kind of an Englishman
and what kind of European you are.
If you are like Bryan, don't do it.
It is true that there is NO PLACE like England.
I say DO it (unless you are a neocon).
New EU countries have high growth rate, thing are much less boring and
more cheerful than in US, improving, rather then getting werse. I
guess UK is similar
to US, not just in politics. The real estate prices grow faster in new
Europe and you do not have to sell your UK home right away.
You need to be ready for the Culture Shock.
You said nothing about your personal situation.
I can give you some facts on one of countries which entered EU recently --
to provide a possible preview, of what to expect - but only you can decide.
Do you want that, a bit expanded, as an answer?