About Bulgaria
Geography
Republic of Bulgaria, is a country in southeastern Europe. It borders the Black Sea to the east, Greece and Turkey to the south, Serbia and the Republic of Macedonia to the west, and Romania to the north along the river Danube.
Extremely varied terrain: huge plains and lowlands, high and low mountains, plateaus,caves, basins and gorges. The lowest altitude is 0 metres (at Black Sea), the highest altitude is 2925 metres (the peak of Mussala in the Rila mountain). 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.
Climate
The Bulgarian climate is temperate, with cold, damp winters and hot, dry summers. There are four seasons, with warm summer and snowy winter. The average yearly temperature is 10.5 °C.
Mineral Resorts
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.
Provinces
The capital of Bulgaria- Sofia, is just one hour flight away from major tourist destinations as Croatia, Greece and Turkey.
Since 1999 Bulgaria consists of 28 provinces (oblasti, singular - oblast), after having been subdivided into 9 provinces since 1987. All are named after the provincial capital, with the national capital itself forming a separate province:
- Blagoevgrad
- Burgas
- Dobrich
- Gabrovo
- Haskovo
- Kardzhali
- Kyustendil
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- Lovech
- Montana
- Pazardzhik
- Pernik
- Pleven
- Plovdiv
- Razgrad
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- Ruse
- Shumen
- Silistra
- Sliven
- Smolyan
- Sofia
- Sofia Province
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- Stara Zagora
- Targovishte
- Varna
- Veliko Tarnovo
- Vidin
- Vratsa
- Yambol
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Buying a Property in Bulgaria
Property in Bulgaria offers excellent value for money. It also offers a good investment considering the long-term prospects for the country. An average seaside villa can be purchased for around 35,000 pound sterling, with rural properties being offered for even less. Whatever your budget, Bulgaria offers considerably better value for money than European destinations.
Foreigners can buy property in Bulgaria, buildings, the right to build and other land related rights such as the right of use & passage but cannot buy land. Acquiring property (except land) is made easier by the new Foreign Investment Act (1997) which lifted the requirement to seek prior approval of the Ministry of Finance to conclude such purchases.
Foreign judicial and physical persons can however buy land in Bulgaria via a Bulgarian registered company. The legislative intention is to provide this opportunity to foreign persons who intend to engage in commercial activity in Bulgaria. Offering hotel accommodation (except when rooms in main residence are rented out) is considered a commercial activity.
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