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BULGARIA OVERVIEW
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Bulgaria is a stunning and interesting place to visit. It is a small country with an ancient culture, scenic beauty and friendly people who are warm and hospitable.
The capital city of Bulgaria is Sofia. Bulgaria has a population of 7,450,349 (July 2005) and consists of 110,910 sq km of which 110,550 sq km is land and 360 sq km is water, with 354 km of coastline. The terrain is mainly mountainous with lowland in the north and southeast with the lowest point being the Black Sea at 0 metres and the highest point being Musala at 2,925 metres.
Stunning mountain landscapes combined with golden sandy beaches make Bulgaria ideal for tourism. The Black Sea Coast on its Eastern border is famous for fine sandy beaches and the ideal temperatures of both water and air. The beautiful mountain areas offer excellent winter sports facilities, including skiing.
Bulgaria is divided into twenty eight provinces and lies in South Eastern Europe, occupying the north eastern part of the Balkan Peninsula. In the east, it borders the Black Sea with Romania to the north separated by the Danube River. Serbia, Montenegro and the former Yugoslav Republic of Macedonia are to the west and to the south are Greece and Turkey.
Just over 40% of the country is arable land with the main agricultural products being vegetables, fruits, tobacco, livestock, wine, wheat, barley, sunflowers and sugar beet.
In 2007, Bulgaria will join the EU and extensive efforts are under way to harmonise Bulgarian legislation with EU legislation, which makes the investment property potential very attractive to foreign investors.
Politically, Bulgaria is rated as a stable democracy. The Chief of State is President Georgi Purvanov and the Vice President is Angel Marin both of whom have been in office since 22 January 2002. The Prime Minister is Sergei Stanishev and Deputy Prime Minister is Ivaylo Kalfin who have been in office since 16 August 2005. The Cabinet (Council of Ministers) are nominated by the Prime Minister and elected by the National Assembly.
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