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About Bulgaria

Situated in Southeastern Europe, Bulgaria occupies the northeastern part of the Balkan Peninsula. The country’s total territory is 111,000 sq. km. It has a 378 km borderline with the Black Sea to the east. Bulgaria also neighbors Macedonia and Serbia and Montenegro to the west, Romania to the north and Greece and Turkey to the south.

Bulgaria possesses a varied relief, in the altitude range from 0 to 2,925 m. Its territory includes part of the lower Danube Plain, The Balkan Range – part of the Alpine-and-Himalayan chain, part of the Thracian lowland and to the south – the mountain structures of the Macedonian-Thracian massif. The predominant climate in Bulgaria is moderate and transitional continental with plenty of sunlight days per year. There are four seasons, with warm summer and snowy winter. The average yearly temperature is 10.5 °C.

The Bulgarian mountains which occupy half of the country’s territory, are easily accessible, and are a prime destination for both winter and summer tourist activities, including skiing, hiking, fishing, canoeing. The major mountain ranges are Rila, Pirin, Rhodope and Stara Planina. Mussala peak in the Rila mountain range is the highest point on the Balkan peninsula.

Folklore Dance

Much of the Black sea coast is covered by long beaches with fine white sand. The sea itself is non-tidal, less salty and warmer than the Mediterranean. The tourism sector has flourished in recent years and holds a firm lead in the Bulgarian economy.

Varied Landscape

The country offers a mixture of quiet rural scenery and villages that have preserved their unique spirit of old times, and modern cities pulsating with the rhythm of growing business activity and ever changing fashions. Regardless of your mood and interests, you will always find something intriguing and fascinating in this small piece of land.

Hot Mineral Spas

Bulgaria is famous for its natural hot mineral water springs – 1600 of them altogether. They present excellent opportunities for health tourism. The country is very rich in ancient monuments and artifacts from different epochs in its 1300 year old history and beyond. Thracians, Romans, Slavs, Greeks and Turks have left their mark and heritage to be appreciated by locals and tourists alike. The country has 9 UNESCO World Culture Heritage sites. Numerous monasteries, churches and mosques, some having hundreds of years of history, present a compelling attraction to every tourist.

Politics

Bulgaria’s political system is a parliamentary republic. After the fall of communism in 1989 the country has started on the road to democratic reforms and has achieved significant progress in recent years. It has a sustained GDP growth of 4.8%, a stable political system and highly trained workforce. As of March 2004 the country is member of NATO and is invited to join the European Union in 2007.

Why Bulgaria

Macroeconomic stability:

Political and economic stability
Sustained GDP growth of 4.7-4.9 % per year
NATO membership achieved in 2004
EU membership set for 1 January 2007
Very competitive labor cost compared to the rest of Europe
Very competitive tax regime - 15% corporate profit tax as of 1 January 2005
Well educated, highly trained English speaking workforce
Strategic geographic location
Full national treatment of foreign investment

Top tourist destination:

Bulgaria voted No. 4 tourist destination worldwide by The Washington Post
22% average annual growth of tourist arrivals for 2002 – 2004
43% year-on-year increase in British tourists for 2003
Well developed and constantly improving summer resorts
Excellent skiing opportunities with guaranteed winter snowfall
Unbeatable prices guaranteeing best value for money holidays
1600 thermal mineral water springs
Rich historical and cultural heritage
Easy access from Europe

Booming real estate sector:

25% price growth in the last 12 months
Still lowest real estate prices in Europe
Strong year round corporate letting market in Sofia
Dramatic increase in demand for quality accommodation at Bulgarian resorts
Strong drive for property purchase from Bulgarians living abroad
Bulgaria on the agenda of top European real estate investment fund