Learn a Few Useful Key Facts on Bulgaria

Facts on Bulgaria: Glance into the Ancient Past

The Varna Necropolis, a 3500-3200 BC burial site, located on the Black Sea, holds the oldest example of gold jewelry in the world.

Bulgaria has survived invasions of Greek, Roman, Byzantine and Ottoman Empires. Old Great Bulgaria was founded in 632 AD.

Most of the Bulgarians alive today can claim the first invaders, the Bulgar tribe, as their ancestors.

The country took its name from the Bulgars, who crossed the Danube River in 679 and gained control.

Bulgaria has kept its original name since AD 681.

Bulgaria was invaded by the Turks in 1396 and endured the severe Ottoman rule for nearly five centuries.

Facts on Bulgaria: The Beautiful Land and Mighty People

The Black Sea, on the coast of Bulgaria, has been suggested as a possible site of Noah’s Ark and the Great Flood.

Bulgaria has picturesque parks, natural reserves, and over 4000 mapped caves for the nature lovers to explore. Bulgaria is one of least populated nations in Eastern Europe.

Bulgaria invented the Cyrillic alphabet, the second most widely used alphabet in the world.

Bulgaria’s snow ski and Black Sea beach resorts are some the most popular destinations with East Europeans.

River Danube which flows along the Bulgarian/Romanian border is the second longest river in Europe.

The Alexander Nevski Cathedral is thought to be one of the finest architectural pieces in the Balkans. The monument is dedicated to the Russians who liberated Bulgaria from the tyrannical Ottoman rule.

Facts on Bulgaria: The Political Struggles

Russia declared war on Bulgaria in 1944 and the Communist Coalition gained control. The Communist government regime lasted almost fifty years.

The Union of Democratic Forces was formed in 1991.

Bulgaria’s former king, Simeon II, served as prime minister 2001-2005, bringing about important market reforms.

Bulgaria became a member of NATO in 2004.

President Georgi Parvanov won a second five-year term by a landslide in 2006.

Facts on Bulgaria: The Bright Future Forecast

In 2007, the estimated population of Bulgaria was 7.3 million.

Sofia, the capital city, is also the largest city with a population of 1.2 million residents.

The country produces fruits, vegetables, wheat, wine, sugar, and sunflowers. There has been a noticeable increase in the export of wine. Bulgaria produces half of the rose oil in the world, a main ingredient in perfume.

Bulgaria industries include electricity, gas, water, food, beverages, tobacco and machinery. Bulgaria has the lowest corporation tax in Europe at 10%.

Telecommunications is Bulgaria’s fastest growing industry. Microsoft, Google, and Hewlett-Packard, computer giants, already have a solid base in Bulgaria. Every town and many villages report a fast internet connection.

Related Articles! The History of Bulgaria The People of Bulgaria Bulgarian Property Investment

The economy gained great strides in 2005. Bulgaria’s GDP increased 5.5% over the previous year. Annual real GDP growth was off the charts- 5.8% in 2006. Unemployment fell and inflation decreased into the single digits. Bulgaria’s cost of living is the lowest in Europe.

Bulgaria’s Travel and Tourism industry created 400,000 new jobs in 2006. The airline, Easy Jet has scheduled a direct flight from London-Gatwick to Sofia, Bulgaria- 3 times a week.

European Commission reported Bulgaria had improved measures for child protection in 2007. Progress had been made toward the support of minorities. Environment awareness has heighten since the Communist era.

Bulgaria joined the European Union- January, 2007. Bulgaria ranked #1 out of 10 newest EU members for the amount of foreign investment attracted.

return from this facts on bulgaria page to the home page of investment property guru

Return to top