Bulgaria, officially the Republic of Bulgaria, Bulgaria’s Republika Bŭlgariya, a country located in the eastern parts of the Balkan peninsula in southeastern Europe. Founded in the 7th century, Bulgaria is one of the oldest places in Europe. It is bordered by the most important historical routes from northern and eastern Europe to the Mediterranean basin and from west and central Europe to the Middle East. Prior to the creation of the Bulgarian empire, the ancient Roman empires, Greece, and Byzantium held strong positions, and people and goods traveled the country often.
The land is noted for its beautiful abundance; its rugged mountains and spectacular Black Sea resorts attract many tourists. Like other peoples of the Balkan Peninsula, Bulgaria claims to mix Eastern and Western cultures, and the mix is evident in its food, its construction and its religious blood. Though located in western Bulgaria, the capital, Sofia, is conveniently located near the center of the Balkan region, and in almost all other respects occupies the central part of Bulgaria. With a population of over one million, Sofia has about three times the population as the next largest cities, Plovdiv and Varna.
Bulgaria has an open, high middle-market economy where the private sector costs more than 70% of GDP from a highly agricultural country with a large rural population in 1948, in the 1980s Bulgaria was transformed into an industrial economy by scientific and technological research at the beginning of its capital expenditures. A shocking “plan” caused a major industrial and agricultural downturn, followed by a recession in 1997.
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