Tourism industry in bulgaria

Tourism Industry in Bulgaria

Bulgaria is situated in the south eastern part of Europe and occupies the eastern part of the Balkan Peninsula. To the north it borders with Romania, to the west with the Republic of Macedonia and Serbia, on the eastern side is the Black Sea, to the south borders with Greece and to the southeast with Turkeys European part.

Bulgaria has a total area of 111 000 square kilometres.

Extremely varied large plains and lowlands, low and high mountains, valleys and lovely gorges, numerous lakes and rivers.

Temperate continental climate with very distinctive four seasons.

A Mediterranean influence is felt in the countrys most southern regions.

Bulgaria is located on the Back Sea coast in Eastern Europe and has been a traditional holiday destination for tourists throughout Europe for many years. The mountainous towns in the West of the country are endowed with substantial snowfall during the winter months affording a long ski season, while the Black Sea coast enjoys bright sunshine and high temperatures during the summer months.

There are three international airports in Bulgaria, one in Sofia and two on the Black Sea coast in Varna and Burgas. Clearly each country has an individual capacity to prosper based on its raw materials and traditional industries, and in Bulgarias case the driver is tourism.

Since 1991, working with the IMF, and more recently in working towards 2007 entry to the European Union, Bulgaria has stabilised its macro economy and worked to develop an infrastructure and business environment to facilitate tourism and external investment. The budget airlines are expected to begin flights within the next 2 to 3 years.

The Bulgarian government has developed a program for increasing tourism, especially in skiing and beach holiday resorts. The program includes support and development of infrastructure, services, cultural offerings, historical sites, green areas, and tourist information centres.

The tourism industry in Bulgaria increased by 18 percent in 2003, the highest figure in Europe. This trend is also the same for the winter period. In December 2003 there were 28 percent more tourists in Bulgaria than in December 2002. This increasing popularity is particularly noticeable in the UK, with 130,000 Britons of visiting during the summer of 2004. Tourism from the UK increased by 60 percent between 2003 and 2004, with Britons now the seventh largest group of visitors.

Despite this, the price of property on the Bulgarian coast is around a third of that in Spain, while the cost of living is also significantly lower. This represents a great investment opportunity for those interested in property. Prices in Bulgaria are already rising fast driven by the following key factors. Stable economy with currency pegged to the Euro. Significantly cheaper prices than Spain and other Western resort destinations the low cost of living. Joined the EU January 2007 The booming tourist trade. Impending arrival of the UK/Irish budget airlines.

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