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INVEST IN BULGARIA
Area: 110,993.6 sq km
Population: 7,973, 673 (2001)
Capital city: Sofia
Official language: Bulgarian
Alphabet: Cyrillic
Religion: There is freedom of religious confessions.
Traditional religion in the Republic of Bulgaria is Eastern Orthodox
Christianity
National holiday: March 3, the day of the Liberation of
Bulgaria from Ottoman domination (1878)
Monetary unit: the Bulgarian Lev
Administrative division: 28 regions,
named after their respective regional centres.
State system: a parliamentary republic
with a one-chamber parliament (National Assembly), consisting of 240 national
representatives, elected for a four-year term of service. The head of state of
the republic is the President, elected for a five-year term of service. The
Council of Ministers is the main body of executive power.
Waters: rivers (main rivers are Danube, Maritsa, Mesta,
Strouma, Iskar, Yantra); warm and cold mineral springs (more than 600); lakes ?
coastal (some with curative mineral mud) and of glacial origin (in the Rila and
Pirin mountains).
Plant and animal world: extremely diverse. An Act on the
Protected Territories is operating in Bulgaria, aimed at the preservation of the
country?s flora and fauna. It has specified the following categories in the
country: a national and nature park, a reserve and a tended reserve, a natural
sight, a protected locality.
Economy: Bulgaria has been an associated member
of the European Union (EU) since 1992. In 1997 an agreement was signed with the
International Monetary Fund and the World Bank for economic stabilization and
for the carrying through of economic reforms in the country. A currency board
was introduced. The national monetary unit has been referred to the EURO. A
structural reform is underway aimed at an economic growth, a functioning market
economy and at paving the way for foreign investments in the country.
Transport: railway, automobile, air and water
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