Bulgaria is located on the Balkan Peninsula. It covers an area of 110,994 (km2). It currently has a population of 8,210,650 million people (World Book). This number plays a big part in the economic conditions of the country. Bulgaria’s statistical data for the economic year of 2000 is as follows:

Trading partners: Italy, Germany, Tur

Structure of GDP by Sector: Agriculture 12.2%,

One way the government is trying to reduce unemployment is by creating new infrastructure projects. They are investing 2.2 billion-dollars on roads, airlines, rail lines, and telephone lines (Washington). A well-developed infrastructure is an important factor in competitiveness since it reduces the costs of doing business and encourages private investment. Also the creation of a national security infrastructure in Bulgaria will be an important milestone (Washington). It will make administration more efficient and will help Bulgaria’s entry into the European Union. Despite the progress that has been made, Bulgaria is still far behind developed countries.

In the short amount of time that Bulgaria has been a nation, just over 100 years, they never really had a stable government until about ten years ago. In that short amount of time they have greatly improved the standard of living for its people and are currently on the way to becoming a highly developed nation. Although the growth rates are shown to be slow, Bulgaria is growing very fast. In looking ahead to the future Bulgaria should have the industrial and banking sectors privatized by 2004 and the utility privatization should be well underway. More foreign investment is coming in everyday bringing with it new resources and expertise. The infrastructure will never be totally complete but Bulgaria is rebuilding very fast. At the rate that the country is growing, Bulgaria could be the center of European business within the next 50 years, and might even be as big a competitor as the USA.

International Trade is another problem that Bulgaria is facing. Its prior commitments to the World Trade Organization and its efforts to join the European union shape Bulgaria’s trade policies. Bulgaria has always had high import tariffs but recently have been dropping the p

Some topics in this essay:
Sector Agriculture, Union Despite, Trade Organization, Adult Literacy, Ottoman Empire, Rozenov Comparisons, Bulgaria Combined, World Book, Black Sea, Eastern Europe, european union, foreign investment, developed countries, despite progress, reduce unemployment, bulgaria facing, turkey greece, policies bulgaria, short amount, government trying,