Economy of Bulgaria

The rapid industrialization of Bulgaria since discipline required to ease the heavy foreign debt also resulted in periods of high unemployment and decreased social services. Against this backdrop the Bulgarian government pursued economic stability with the assistance of international financial institutions, and with the introduction of the currency board in 1997 and other reforms, inflation was dramatically reduced by the end of the decade. By the beginning of the 21st century, with the government aggressively privatizing state-run industries, the restructured Bulgarian economy had markedly improved (aided in 2007 by the Bulgaria

Farm in the Sredna Mountains, Bulgaria.

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Sunflower seed is the chief oilseed crop; after extraction of the oil, the pulp is made into cattle feed. Sunflowers, like sugar beets, grow mainly in the north. Bulgaria has become a leading exporter of grapes and tomatoes. There is stock breeding of cattle, sheep, pigs, and poultry. The forestry industry claims nearly 4,000,000 hectares (9,900,000 acres) of land.

A integrated systems of automation, supply, and marketing.

In 1990 the government lifted restrictions on private farming, and almost all agricultural land was restored thereafter to private ownership while loans for the establishment of small farms and food-processing facilities were made available.

lignite. The main mining areas are in the Pernik brown coal fire the country’s thermal power stations and are used as fuel and raw material for many of Bulgaria’s industries.

Although deposits of anthracite and Yambol). There are significant deposits of nonferrous ores (copper, lead, and zinc) in the Rhodope, Balkan, and Sredna mountains.

Bulgaria is also rich in less-valuable minerals, including reap new deposits. Bulgaria relies on Plovdiv, and economic policy, with particular Varna and foundries at Sofia, Plovdiv, Kŭrdzhali; and a copper and Stara Zagora, food processing and beverage production are found throughout the country, three main industrial regions may be defined. The first, in the south, includes the towns of Plovdiv, Krichim, Pleven, Dolna Mitropoliya, and Cherven Bryag), has become important for flour, paste products, Sliven and Vratsa). Under the communists’ five-year plans, large new mills were built at Sofia, Sliven, and Plovdiv, and the total output of textile fabrics rose tremendously.