(WIPO code: BG) (last revised March 2023)
by INTERIUS, Attorneys-at-Law & Patent and Trademark Attorneys, Sofia and KATZAROV SA, Geneva, Switzerland
Bulgaria
General Information
Area
111,000 sq. km.
Population
6,827,736 (2023).
Capital
Sofia, with 1.288 million inhabitants (2023).
Currency
Lev.
General Remarks
Until the end of 1989, the People’s Republic of Bulgaria was a country with a planned economy based on socialist (Marxist-Leninist) organization.
Bulgaria’s foreign trade was a state monopoly with foreign trade organizations being entrusted with the trade of specific commodities. Since 1990, dramatic political changes have taken place in Bulgaria. Both the political and economic structures are evolving towards more liberalization.
Economy: Industries: chemicals, machinery, metals, textiles, fur, leather goods, processed food. Chief crops: grains, fruit, oilseeds, tobacco. Minerals: lead, bauxite, coal, copper, zinc. Arable land: 34%.
Member of the European Union as of January 1, 2007.