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Bulgaria traces its foundation
as a state to 681 AD. After a
period of 500 years as part of
the Ottoman Empire, Bulgaria
became an independent
principality in 1878 and a
Kingdom in 1908. The Bulgarian
People's Republic was proclaimed
on 15 September 1946. Following
the demise of the Communist
regime in November 1989 and the
establishment of democracy, the
country has now been restyled
the Republic of Bulgaria.
Standard of living
The Standard of Living in Bulgaria
per Capita in 1998 was US$ 1500 (£900)
compared to £14.2k in the UK.
Source: Commercial Section, British
Embassy-Sofia (at March 2000).
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Economic
Overview