Bulgaria the country
 Bulgaria is an independent state and people's democracy, with all citizens having equal rights as far as the law is concerned, disregarding sex, nationality, race, religion, education, occupation, social and material status. Furthermore, in 1991 a new Constitution for the Republic of Bulgaria was approved and implemented. The Members of Parliament are elected at free democratic elections as was Bulgarias current prime minister Sergei Stanishev.
Contact us for further Bulgaria information Consistent political and macroeconomic stability contribute to GDP growth prospects of well over 4% per annum. A competitive tax regime with corporate profit tax and VAT amongst the lowest in Central and Eastern Europe.Bulgaria has clear-cut priorities for EU Acceptance and NATO Accession, which is being supported by the active involvement of the Government. Transparent and rapid privatization process - by virtue of the March 2002 Law on Privatization and Post-Privatization Control, furthermore, the state-owned stakes in some 1,600 enterprises have been declared open for privatization. Strategic geographic location, natural gateway to the large markets of CIS, Asia and North Africa. Attractive infrastructural projects in transport, telecommunications and energy. Exceptional education especially in IT and foreign languages. Outstanding labour quality / labour cost ratio, which is significantly lower than the estimated European average. Full national treatment for foreign investment and investors. Effective free trade agreements with most countries being in the region, thus leading to a liberalized access to a regional market of over 550 million consumers, mainly the EU, EFTA, CEFTA, Turkey, Macedonia, Croatia, Israel and Estonia. Economic and political situation in Bulgaria
 The macroeconomic and political environment is favourable for the development of the tourism. Political peace and government stability have been established in the country, guaranteeing continuity in both government policy and legislation process. Bulgaria is not a party to territorial disputes with its neighbouring countries.
The country is considered to be the fortress of the peace on the Balkans. Thorough and successful restructuring of the foreign debt, considerable enhancement of country’s credit rating and strong currency board are the factors, which contribute to the ever increasing international recognition and confidence in the successful macroeconomic future of Bulgaria. All this creates a favourable climate for the development of all sub sectors of tourism. The pre-accession process to the EU and the membership in NATO contribute to a larger extent to the international recognition of Bulgaria and still lay down the guidelines in the national policy and the legislation reform. The efforts of the country to be invited to adhere to NATO in 2002 crowned with success. The accession of Bulgaria to the European Union in 2007 is expected to bring positive results, important subsidies and much higher economic development growth. BulgarIa in the region and in Europe
 Bulgaria is a secure and undiscovered country. From a political point of view, Bulgaria is considered to be the most stable country in the Balkans. There are no circumstances which undermine the confidence in Bulgaria as a tourist destination. Furthermore, even though it is close to to Western Europe, Bulgaria remains a little known country and insufficiently explored place. Bulgaria is at the crossroads between Europe and Asia and inrecent years, Bulgaria has played the role of a bridge between Greece and Turkey, and between Eastern and Western Europe. This is partly due to the growing role of the country as a holiday and cultural destination. Well-founded expectations are increasingly voiced, that due to its crossroad location between Asia and Europe, Bulgaria will be a transport centre of various types of communications and industrial services. Tourism and trends
 The annual average increase in the revenue from tourism is in the range of 4-5%, while the mountain tourism alone accounts for between 15% and 20% of the international tourist market. On the other hand, the annual average growth of the ecotourism ranges from 10 to 30%. Tourism in Bulgaria shows an upward trend: the number of tourists who visited the country in 2002 rose by 8,6% compared to 2001 i.e. 2 992 590 people according to the data provided by the Ministry of Economy. The revenue generated by tourist activities increased by 11,1% compared to 2001 and reached 1 334 billion US$ (excluding transport expense). Similarly, the expenses of Bulgarian tourists abroad rose by 8,24% compared to 2001. The cultural tourism and the idea of making Bulgaria a centre of the regional cultural heritage contribute to the willingness to carry out regional cooperation and mark social progress in the countries of the region. Real estate market in Bulgaria
 Bulgaria is a country with rapidly growing interest in its real estate. The price of real estate is surprisingly low. The purchase of real estate in Bulgaria or wherever in Eastern Europe needs the same due diligence procedures to be followed as when buying elsewhere. The popularity of Bulgaria is growing and general advice to investors is to invest now before the inevitable price rises following the countries accession to the European Union. Borovets is an attractive destination due to its close location to the capital Sofia and is the oldest and most established ski resort in the country. It is also the venue for the largest expansion project of its kind in Bulgaria. Bulgaria is one of the fastest developing tourist destinations in Europe. Tourism in Bulgaria increased by 18 % in 2003 and has recorded the highest growth anywhere in Europe. The increase in the tourist flow from other European countries to Bulgaria is much higher - 25,3 %. Growth in the tourism during winter months also increased between December 2003 and December 2002 by 28,34%. The price of real estate is still considerably lower than those in the other European countries. Moreover, following Bulgaria’s accession to the European Union in 2007 the real estate market will expand and in the next three years real estate prices are expected to rise still further, the average increase for 2003 was in the range of 24 – 28 %. Right now the purchase of property in Bulgaria is proving to be an astute investment. The artificial price increase in overpopulated Spain has resulted in the re-orientation of real estate demand of large numbers of British buyers to Eastern Europe and in particular to Bulgaria.
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About Bulgaria
