Bulgaria is a country in Eastern Europe on the western side of the Black Sea. It is surrounded by Romania to the north, Serbia to the northwest, the Republic of Macedonia to the southwest, Greece to the south, and Turkey to the southeast. Being located close to the Turkish Straits means the key land routes from Europe to Middle East and Asia pass through Bulgaria.
The country boasts the second-highest standard-of-living in Southeastern Europe in terms of GDP per capita. Inflation is well under control; unemployment stands lower than the average for the European Union and is steadily declining. Foreigners seeking additional homes have recently boosted the Bulgarian property-market. Buyers come from across Europe, but mostly from the United Kingdom, encouraged by relatively cheap property and finding the country more accessible through cheap air travel.
Currently, Bulgaria functions as a parliamentary democracy under a unitary constitutional republic. The country has joined the European Union and NATO. It has a population of approximately 7.7 million, with Sofia as its capital and largest city.
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