The Bulgarian civilization dates back to 6th century BC.
The first Bulgarian Empire was set up by Asparukh in 681. Since then, Bulgaria has been ruled by the Byzantines and Ottomans, among others. Bulgaria achieved complete independence after defeating Serbia. The independence was declared on 5 October 1908. The first free elections took place in Bulgaria in June 1990.
The economy of Bulgaria is an industrialized free market one. The private sector is large and moderately advanced. There are a number of privately held enterprises in Bulgaria that are of strategic importance. The World Bank has stated that Bulgaria has a upper middle income economy. The Balkan nation has made rapid economic strides in the recent years. However, the levels of income in Bulgaria are among the lowest in the European Union.
Bulgarian economy is dependent a lot on the industrial sector but the services sector has contributed a lot to the GDP as well. The country specializes in raw materials and manufacture outputs such as iron, electronics, copper, refined petroleum fuels, gold, vehicle components, bismuth, firearms, coal, and construction material. Bulgaria has an approximate labor force of 3.2 million people.
The economy of Bulgaria is an industrialized free market one. The private sector is large and moderately advanced. There are a number of privately held enterprises in Bulgaria that are of strategic importance. The World Bank has stated that Bulgaria has a upper middle income economy. The Balkan nation has made rapid economic strides in the recent years. However, the levels of income in Bulgaria are among the lowest in the European Union.
Bulgarian economy is dependent a lot on the industrial sector but the services sector has contributed a lot to the GDP as well. The country specializes in raw materials and manufacture outputs such as iron, electronics, copper, refined petroleum fuels, gold, vehicle components, bismuth, firearms, coal, and construction material. Bulgaria has an approximate labor force of 3.2 million people.
Flag of Bulgaria
The official flag of Bulgaria is having three horizontal strips of equal length. The tricolor of flag is composed of white, Green and Red Color.
Facts about Bulgaria
| Capital | Sofia |
| Largest City | Sofia |
| Population | 7,364,570 |
| Area | 42,823 sq mi |
| Currency | Lev (BGN) |
| Official Language | Bulgarian |
| President | Rosen Plevneliev |
| Prime Minister | Boyko Borisov |
