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About Bulgaria

Bulgaria's natural landscape is full of surprises. It has endless, sandy beaches along the Black Sea, wild mountain ranges and lush green hills, fertile plains, magnificent gorges, rivers, health spas and natural springs... It is famous for long balmy Summers, dreamy scented rose fields, richly coloured orchards and sundrenched vine-yards...

 

Where is Bulgaria?

Nestling at the heart of Central Europe, Bulgaria is a land of unspoilt natural beauty, where time has been known to stand still. It is a country of great contrasts. A charming and vivid country called Bulgaria has existed for more than 13 centuries in Southeast Europe. This country has an important strategic location playing the role of a cross road between the West and the East.

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.

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Climate

Marked by four distinct seasons, Bulgaria enjoys a generally favourable climate that is one of the country's best features where summers are typically hot and dry. It will be omnipresent in your days with unique finds in the museums, including the world's oldest gold; with beautiful collections of works from self-taught old masters to modern painters in the art galleries; with classical concerts and folklore song-and-dance festivals.

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Facts

The Bulgarian mountains which occupy half of the country’s territory, are easily accessible, and are prime destinations 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.

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.

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.

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Cuisine

Gourmets have long since esteemed the merits of Bulgarian cuisine with the verdict that it is tasty, spicy and varied, appealing to one and all. Indeed, who would not like the abundance of fresh vegetables and fruits, juicy meat, grilled or served with piquant sauces, mouth-watering vegetarian dishes, simmered slowly on low heat, the banitsa ( cheese pie) which simply melts in your mouth, and famous Bulgarian yogurt ? The delicate white wines Dimyat, Misket and Riesling are followed by full reds such as Merlot, Cabernet and Gamza.

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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

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Booming real estate sector:

  • 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 2004
  • 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

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Top tourist destination:

  • 25% price growth in the last 12 months
  • Prices of real properties in Bulgaria grow by nearly 20% per year
  • 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 funds

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