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Bulgaria
Bulgaria
Bulgaria is a country in Southeast Europe. Romania is the north, Serbia and the Republic
of Macedonia to the west, and Greece and Turkey to the south. The Black Sea defines the extent
of the country to the east. Bulgaria ranks as the 16th-largest country in Europe. Bulgaria has an
industrialized, open free-market economy, with a large, moderately advanced private sector and a
number of strategic state-owned enterprises. The World Bank classifies it as an “upper-middle-
income economy”. Bulgaria has experienced rapid economic growth in recent years, even though
its income level remains one of the lowest within the EU. Major industries include iron, copper,
bismuth and coal extraction, electronics, chemicals, machinery, steel and refined petroleum fuel
production, vehicle components, firearms and construction materials.