In northern Bulgaria the highest precipitation is in May–June, while in southern Bulgaria it is in winter. The average amount of precipitation additionally varies in term of altitude – from 450–850 mm in the plains to 850–1200 mm. The highest annual rainfall was measured in 1957 within the upper valley of the river Ogosta in the western Balkan Mountains ; the best daily rainfall was recorded at Saints Constantine and Helena resort close to Varna in 1951. The whole annual amount of the rainfall is 74 billion km3; of them 70% evaporate, 20% move into the rivers and 10% soak into the soil.
This led to some instant worldwide commerce liberalization, however there was no shock to the economy. ] This fact, together with annual GDP growth of above 5%, has introduced the government indebtedness to 22.8% of GDP in 2006 from sixty seven.three% five years earlier. This is to be contrasted with monumental current account deficits.
Founded within the seventh century, Bulgaria is among the oldest states on the European continent. It is intersected by traditionally important bulgarian mail order brides routes from northern and japanese Europe to the Mediterranean basin and from western and central Europe to the Middle East.
Before the creation of the Bulgarian state, the empires of historical Rome, Greece, and Byzantium have been sturdy presences, and folks and goods traveled the land with frequency. The imply annual temperature in Bulgaria is 10.6 °C and varies from 2.9 °C at the nation’s highest peak Musala to 13.9 °C on the city of Sandanski in the southern Struma valley. The common temperature in the Danubian Plain is 11.four °C, within the Upper Thracian Plain 13.9 °C, in the decrease mountains eight.1 °C and within the greater mountains 2.four °C. The highest absolute temperature was measured at the city of Sadovo in .2 °C; the bottom absolute temperature was measured on the city of Tran in 1947 –38.three °C.
In 2005 the labour drive was estimated at three.three million; in 2004, 11 % labored in agriculture, 33 % in trade, and fifty six p.c in services. The unemployment rate has been in double digits all through the post-communist period, reaching a excessive level of 19 percent in 2000. Since then, the rate has decreased considerably with the creation of recent jobs in private and state enterprises. In 2005 the official figure was 11.5 p.c, compared with sixteen.9 percent at the finish of 2002.
The largest labour unions are Podkrepa and the Confederation of Independent Trade Unions in Bulgaria. They symbolize labour within the National Council for Tripartite Partnership, during which they be part of authorities and enterprise representatives to discuss issues of labour, social safety, and dwelling standards.
Low rates of interest assured availability of funds for investment and consumption. For instance, a boom in the actual estate market started round 2003. At the same time annual inflation in the economic system was variable and over the last 5 years (2003–2007) has seen a low of two.3% and high of 7.3%. Most importantly, this poses a threat to the nation’s accession to the Eurozone. The Bulgarian authorities initially deliberate to undertake the Euro no before 2015.
The snow cowl lasts from 20–30 days in the lowlands to 9 months in the highest mountains. It is bordering Romania to the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. The northern border with Romania follows the river Danube until the town of Silistra.
The land area of Bulgaria is one hundred ten,994 square kilometres (111,002 square kilometres ), slightly bigger than that of Iceland or the U.S. state of Tennessee. Considering its relatively small dimension, Bulgaria has an excellent number of topographical options. Even inside small components of the nation, the land may be divided into plains, plateaus, hills, mountains, basins, gorges, and deep river valleys.
However, in 2003 an estimated 500,000 Bulgarians were unemployed however not officially counted because they weren’t seeking work. In January 2005, the government raised the minimum wage by 25 percent, to US$ninety per thirty days.
Although Bulgaria must adopt the euro as a situation to membership, plans have since been postponed for higher economic instances. From a political point of view, there is a commerce-off between Bulgaria’s economic progress and the steadiness required for early accession to the financial union. Bulgaria’s per-capita PPP GDP continues to be solely a few half of the EU27 common, while the nation’s nominal GDP per capita is about 20% of the EU27 average. However, Bulgaria ranks 38th within the Ease of Doing Business rank record, larger than most other Eastern European states, and 40th within the Economic Freedom of the World index, outperforming Belgium, Spain, Poland, Hungary, Portugal. Bulgaria also has the bottom private and company revenue tax charges within the EU, in addition to the second lowest public debt of all European Union member states at sixteen.2% of GDP in 2010.
The highest temperature within the lowlands and the hilly areas is in June, whereas within the larger mountains the warmest month is August. The lowest temperature is measured in January and February, respectively.
The unions have been an essential political drive in the fall of the Zhivkov regime. In 2016, the government increased the minimum wage to 215 euros per month. At the top of 2016 the common month-to-month wage is about 480 euros a month, however there are variations within the areas of the country. The average monthly gross salary has reached the value of 1,036 leva in March, 2017. Bulgaria, officially Republic of Bulgaria, Bulgarian Republika Bŭlgariya, nation occupying the japanese portion of the Balkan Peninsula in southeastern Europe.