Bulgaria Property Guide
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KEY INFORMATION

 

Area Total : 110,910 sq km
Population 7,537,929 (July 2003 est.)
Religion Bulgarian Orthodox 83.8%Muslim : 12.1% Roman Catholic 1.7%, Jewish : 0.1%,Others: 2.3%
Languages   Primary language is Bulgarian, secondary languages closely correspond to ethnic breakdown. Although Official Language is  Bulgarian but   Russian , English, German  and French are spoken in the in the country's resorts, major hotels and restaurants. 
Alphabet  Alphabet- .Cyrillic. Signs in Motorways, Airports , resorts are also spelled in Roman letters.
Climate Temperate; cold, wet winters; hot, dry summers
Terrain Mostly mountains with low lands in north and southeast
Capital  Sofia . Other Major cities are Plovdiv, Varna, Bourgas, Veliko, Turnovo,
Time difference  Winter time :GMT+ 2 hours(October  through March)

Summer time : GMT+ 3 hours( April through September)

 

Currency   Bulgarian currency is Lev. Exchange rate is now determined by market forces. For simplicity  1 lev= $1.6 = £2.93. Credit cards such as Visa, Master cards , American Express, Access etc  can be used for  payment of standard  services  in Hotels , restaurants , car rentals, plane tickets etc.

See the directory for up to date currency info.

 

Telephone International dialing code is +359,

Sofia 3592

Plovdiv 35932

Direct calls possible through phone booths or  phone cards. Post offices offers services such as phone calls abroad, fax, telegram etc.

National  holidays January -1-New Year

March 3rd -National day ( Bulgarian liberation from Ottoman Rule )

Easter-One week after Catholic Easter

May-1 - Labour day

May-6 - Bulgarian Army day

May24-day of the Bulgarian  culture and the Slav script.

September 6- Bulgaria's unification

September 26th-Independence Day

December 25th- Christmas

 

 

 

Government : 

Bulgaria is an independent country and the form of government is of Parliamentary  democracy. Every citizens have equal rights in terms of sex, nationality, race, religion, education, occupation, social and material status.  The Republic of Bulgaria  approved a new constitution in 1991. The Members of the Parliament are elected  through  free democratic elections.    The main points of Bulgarian Government is given below.

Country Name  Republic of Bulgaria
Type of Government  Parliamentary Democracy
Capital  Sofia
Administrative Divisions 28 provinces (oblasti, singular - oblast); Blagoevgrad, Burgas, Dobrich, Gabrovo, Khaskovo, Kurdzhali, Kyustendil, Lovech, Montana, Pazardzhik, Pernik, Pleven, Plovdiv, Razgrad, Ruse, Shumen, Silistra, Sliven, Smolyan, Sofiya, Sofiya-Grad, Stara Zagora, Turgovishte, Varna, Veliko Turnovo, Vidin, Vratsa, Yambol
Constitution adopted 12 July 1991
Legal System civil law and criminal law based on Roman law; accepts compulsory ICJ jurisdiction
Executive Branch chief of state: President Georgi PURVANOV (since 22 January 2002); Vice President Angel MARIN (since 22 January 2002)
head of government: Chairman of the Council of Ministers (Prime Minister) Simeon SAXE-COBURG-GOTHA (since 24 July 2001); Deputy Prime Ministers Nikolay VASILEV (since 24 July 2001), and Lidiya SHULEVA (since 24 July 2001), Plamen PANAYOTOV (since 17 July 2003)
cabinet: Council of Ministers elected by the National Assembly
elections: president and vice president elected on the same ticket by popular vote for five-year terms; election last held 11 November and 18 November 2001 (next to be held NA 2006); chairman of the Council of Ministers (prime minister) nominated by the president; deputy prime ministers nominated by the prime minister
election results: Georgi PURVANOV elected president; percent of vote - Georgi PURVANOV 54.13%, Petar STOYANOV 45.87%
Legislative Branch unicameral National Assembly or Narodno Sobranie (240 seats; members elected by popular vote to serve four-year terms)
elections: last held 17 June 2001 (next to be held NA June 2005)
election results: percent of vote by party - NMS2 42.74%, UtdDF 18.18%, CfB 17.15%, MRF 7.45%; seats by party - NMS2 120, UtdDF 51, CfB 48, MRF 21; note - seating as of March 2003 - NMS2 110, UtdDF 50, CfB 48, MRF 20, independents 12
Judicial Branch Supreme Administrative Court; Supreme Court of Cassation; Constitutional Court (12 justices appointed or elected for nine-year terms); Supreme Judicial Council (consists of the chairmen of the two Supreme Courts, the Chief Prosecutor, and 22 other members; responsible for appointing the justices, prosecutors, and investigating magistrates in the justice system; members of the Supreme Judicial Council elected for five-year terms, 11 elected by the National Assembly and 11 by bodies of the judiciary)
Political parties and Leaders Bulgarian Socialist Party or BSP [Sergei STANISHEV]; Coalition for Bulgaria or CfB (coalition of parties dominated by BSP) [Sergei STANISHEV]; Internal Macedonian Revolutionary Organization or VMRO [Krasimir KARAKACHANOV]; Movement for Rights and Freedoms or MRF [Ahmed DOGAN]; National Movement for Simeon II or NMS2 [Simeon SAXE-COBURG-GOTHA]; Union of Democratic Forces or UDF [Nadezhda MIKHAYLOVA]; Union of Free Democrats or UFD [Stefan SOFIYANSKI]; United Democratic Forces or UtdDF (a coalition between the UDF and other center-right parties)
Political pressure groups and leaders Agrarian movement; Confederation of Independent Trade Unions of Bulgaria or CITUB; Podkrepa Labor Confederation; numerous regional, ethnic, and national interest groups with various agendas
International Organisation participation ACCT, Australia Group, BIS, BSEC, CE, CEI, CERN, EAPC, EBRD, ECE, EU (applicant), FAO, G- 9, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IFC, IFRCS, IHO (pending member), ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, NAM (guest), NSG, OAS (observer), OPCW, OSCE, PCA, PFP, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, UNMEE, UNMIBH, UNMIK, UNMOP, UPU, WCL, WCO, WEU (associate partner), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC
Flag description three equal horizontal bands of white (top), green, and red; the national emblem formerly on the hoist side of the white stripe has been removed - it contained a rampant lion within a wreath of wheat ears below a red five-pointed star and above a ribbon bearing the dates 681 (first Bulgarian state established) and 1944 (liberation from Nazi control)
   

 

Economy :

Economy overview Bulgaria, a former communist country striving to enter the European Union, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. A $300 million stand-by agreement negotiated with the IMF at the end of 2001 has supported government efforts to overcome high rates of poverty and unemployment.
GDP Purchasing power parity $49.23 billion ( 2002est)
GDP-real growth rate 4.8% (2002 est)
GDP-per capita Purchasing power parity-

$6500 (2002 est.)

GDP composition by sector agriculture: 13.7%
industry: 28.5%
services: 57.9% (2001)
Population below poverty line 12.6% (2001 est.)
Household income or consumption by percentage share  lowest 10%: 4.5%
highest 10%: 22.8% (1997)
Distribution of family income - Gini index: 26.4 (2001)
Inflation rate (consumer prices) 5.9% (2002 est.)
Labour force  3.83 million (2000 est.)
Unemployment rate   18%( 2002 est.)
Budget  Revenues : 5.57 billion

Expenditures : $5.68 billion

(2001 est.)

 

Industries electricity, gas and water; food, beverages and tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel
Industrial production growth rate  2% (2002 est.)
Electricity production 41.38 billion kWh(2001)
Electricity production  by source fossil fuel: 47.8%
hydro: 8.1%
other: 0% (2001)
nuclear: 44.1%
Electricity consumption 32.52 billion kWh (2001)
Electricity exports 6.79 billion kWh(2001)
   

 

General Details - Bulgaria

     Territory & Population
     Main Cities
     Historical Review
     National Holidays
     Currency
     Business Hours
     International Dialing
     Business Practice

Overview of Economy

     Overview
     Inflation Rates
     GDP

Taxes

     Income Taxes
     Tax Exempt Income
     Tax Reductions
     Other Taxes
     
 

Foreign Resident Investments


     Encouragement Laws
     Double Taxation Prevention Treaty
     Visas and Work Permits
 

Embassies & Consulates


     Bulgaria Embassies & Consulates Abroad  
     Foreign Embassies & Consulates in Bulgaria  

Service Providers and Consultants


     Accountants
     Airlines
     Banks
     Car Rental
     Financial Consulting
     Government Sites
     Hotels
     Insurance Companies
     Lawyers
     Real Estate
     Restaurants
     Translating & Interpreting
 

News

     General News
     Economic News

 

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