| Bulgaria is located in Southeastern
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| | since 2000 and has begun to attract
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| Europe, bordering the Black Sea, between
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| | significant amounts of FDI.
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| Romania and Turkey. Bulgaria's location
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| | Tourism has always been a big industry in
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| is strategic because it is near the
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| | the country, and is still booming: one of
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| Turkish Straits; Bulgaria also controls
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| | the 130 hotels in Slanchev Bryag, one of
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| key land routes from Europe to Middle
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| | the most popular resorts in Eastern
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| East and Asia. Bulgaria has a population
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| | Europe. The government has pledged to
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| of 7,385,367 (2006) and a population
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| | maintain the fundamental economic policy
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| growth rate of 0.86 per cent (2006), with
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| | objectives, i.e. retaining the Currency
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| 68.7 per cent between 15-64 years old.
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| | Board, practising sound financial
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| Background
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| | policies, accelerating privatisation, and
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| The Bulgars, a Central Asian Turkic
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| | pursuing structural reforms. Economic
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| tribe, merged with the local Slavic
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| | growth continued in 2005 and 2006.
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| inhabitants in the late 7th century to
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| | Agricultural output has been growing in
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| form the first Bulgarian state. In
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| | recent years. Farming is more important
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| succeeding centuries, Bulgaria struggled
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| | than stock-breeding. The prevalence of
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| with the Byzantine Empire to assert its
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| | mechanisation is higher than most other
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| place in the Balkans, but by the end of
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| | Eastern European countries. There are
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| the 14th century the country was overrun
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| | more than 150,000 tractors, 10,000
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| by the Ottoman Turks. Northern Bulgaria
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| | combines, alongside aeroplanes and other
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| attained autonomy in 1878 and all of
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| | equipment.
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| Bulgaria became independent from the
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| | Industry is of great importance for the
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| Ottoman Empire in 1908. Bulgaria became a
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| | economy. Bulgaria is a major producer of
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| People's Republic in 1946. Bulgaria held
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| | electricity though it is not very rich in
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| its first multiparty election in 1990
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| | reserves of coal, oil and natural gas. A
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| with the fall of communism. It has moved
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| | second plant, the Belene Nuclear Power
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| towards democracy and a free market
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| | Plant with a capacity of 2,000 MW is
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| economy ever since. The country joined
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| | under construction. There is a $1.4
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| NATO in 2004 and the EU in 2007. Bulgaria
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| | billion (£718 million) project for
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| accepts compulsory ICJ jurisdiction.
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| | construction of an additional 670 MW for
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| Economy
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| | the 500 MW Maritza Iztok 1 TPP.
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| Bulgaria entered the European Union on 1
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| | In production of steel and steel products
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| January 2007. The government is committed
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| | per capita the country is first in the
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| to economic reform and responsible fiscal
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| | Balkans. Ferrous metallurgy is very
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| planning. Minerals, including coal,
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| | important.
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| copper, and zinc, play an important role
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| | Property Market
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| in industry. In 1997, macroeconomic
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| | The property market has been boosted
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| stability was reinforced by the
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| | recently by foreigners seeking additional
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| imposition of a fixed exchange rate of
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| | homes. These buyers come from right
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| the lev against the German D-mark - the
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| | across Europe but the largest numbers are
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| currency is now fixed against the Euro,
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| | British, encouraged by comparatively
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| and the negotiation of an IMF standby
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| | cheap property and because the country is
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| agreement. Low inflation and steady
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| | more accessible through low cost air
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| progress on structural reforms have
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| | travel. The future for this particular
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| improved the business environment;
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| | country is bright indeed.
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| Bulgaria has averaged 5.1 per cent growth
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