Doing Business in Lovech

The Lovech Economy

In Lovech Province, export revenue made up 18.12% of company sales in 2024, and foreign investment reached €1,868 per person.⁷

Boni Holding has put into operation a new, fully automated facility for processing animal by-products at the Lovech meat processing plant, producing technical fat and processed animal protein.⁶

The Bahovitsa Car Plant

The factory in the village of Bahovitsa near Lovech began operating in 2012 as the production base of Litex Motors and Great Wall, the Chinese company’s first production site in Europe. Production stopped in 2016. The site, of about 500,000 m², is owned by Bulgarian Automotive Industry through Bahovitsa Industrial Park.⁵

In September 2026, it was reported that Great Wall Motor would use the Bahovitsa factory to assemble electric and hybrid cars, with Bulgarian Automotive Industry as its partner. The first model is to be the electric version of the Ora 05, with components supplied from China, and the advertised roles included assembly operators, engineers, logistics specialists and forklift operators.⁵

Industrial Park Balkan

Industrial Park Balkan, owned and run by Balkan AD, covers 1,305 decares in the Northern Industrial Zone of Lovech. On 30 June 2026, it officially opened over €14 million of new access and internal infrastructure, built in 12 months with funding from the National Recovery and Resilience Plan.^3,4

• Water supply, stormwater and domestic sewerage, an internal gas pipeline and an electricity distribution network.
• Internal roads with roundabouts, parking and street lighting, and two new access road connections built in partnership with Lovech Municipality.
• Electric-vehicle charging stations of 480 kW, able to charge 14 vehicles at once.
• Balkan AD holds a 35-year licence to distribute electricity through a closed distribution network.
• Investors already operate in the park, and around 53 new jobs are expected from the project.

Source: Economic.bg: Industrial Park Balkan in Lovech officially opened; DBR: Lovech gets a new €14 million industrial park and expects strategic investors^3,4

Workforce and Salaries

• Unemployment in Lovech Province averaged 8.33% in 2025, and 70.3% of residents aged 20–64 were employed.
• 19.7% of the province’s residents aged 25–64 have a university degree.
• The average gross salary in Lovech Province was €1,051 a month in the fourth quarter of 2025.

Source: Institute for Market Economics: Regional Profiles, Lovech Province; Ministry of Labour and Social Policy: Labour market bulletin, fourth quarter of 2025^7,2

Transport

Balkan AD reconstructed an existing access road to Industrial Park Balkan and automated the railway crossing on it with its own funds. Motorways and first-class roads made up 17.7% of the road network of Lovech Province in 2025.^3,7

Registering a Company in Lovech

Bulgaria has one national Commercial Register, so a company based in Lovech can be filed online from anywhere with a qualified electronic signature, or on paper at the Registry Agency’s Lovech office. After registration, the company deals with the Lovech office of the National Revenue Agency for tax and VAT, and with Lovech Municipality for local taxes and fees.^8,9

Source: Registry Agency: Commercial Register contacts; Council of Ministers IISDA: National Revenue Agency offices; Lovech Municipality: Contacts; Bulgarian Chamber of Commerce and Industry: Regional chambers^8,9,10,11

The full steps, documents, fees and timings are in the guide to registering a company in Bulgaria.