The Bulgarian Economy
The first steps made by the Bulgarian Economy date back
to the beginning of 19th century when Bulgaria became famous
for its agriculture production. In the first third of 20
th century the country was one of the biggest exporters
of vegetables, fruit, milk, cheese, butter and milk in Europe.
The development of the industrial production and the manufacture
date back to the first third of the 19 th century. The factories
in Sliven, Gabrovo,Veliko Turnovo and Stara Zagora , the
development of crafts in these cities and in many others
near the Balkan Mountains, made Bulgaria popular and gained
it some good markets and partners. In the middle of the
20 th century the national industry advanced at a moderate
pace till the middle of the 20 th century when the government
decided to turn it into an industrial giant on the Balkans.
The ruin of planned economy caught the Bulgarian producers
unprepared. A lot of companies became bankrupt. Privatization
is still in progress. The country has been in a situation
of a currency board since 1997. The Parliament has passed
a packet of laws, which have helped to modernize the legislation
and revive the production. There is still to be past a reform
in the field of banking. Today Bulgaria exports agricultural
products, electricity and non-ferrous metals. The country
is famous for its yoghurt, oil-yielding roses, flowers,
wines and brandies. Tourism is successfully developing.
The Bulgarian government offers and follows some measures
in the name of a stable development of the national economy:
revival of the industry and fast repayment of the foreign
debt , preferential trade with countries of western Europe
and the USA, Bulgaria's entry into the Council of Europe,
as well as its joining NATO.
Bulgarian Form of government
The major legislative institution in Bulgaria is the Bulgarian
National Assembly. The Bulgarian council of ministers is
the supreme executive government institution. The President
of Bulgaria is also supreme commander-in-chief.
