A guide to life in Bulgaria and a consideration of Bulgaria’s future
More and more expatriates are attracted to Bulgaria each year.
These expatriates are drawn by the climate, the safe sandy beaches, the incredibly low cost of living and low prices generally, the historical heritage that Bulgaria offers and the welcome they get from the friendly Bulgarians.
While Bulgaria does not yet have the same destination appeal of Spain or Portugal say, all that is about to change as Bulgaria gets closer to entry into the EU in 2007.
Those choosing a new life in Bulgaria now are getting in ahead of the pack as this country is about to become very fashionable.
If you are thinking that Bulgaria might be the place for you what can you expect from life in Bulgaria? And which areas are attracting the main influx of expatriates?
The biggest growth rates in terms of expat population increase are expected in the more desirable areas in and around the major resort centres of Varna and Burgas. With further population development expected in other selected ‘premium quality’ locations on the Black Sea coast.
British expats already living in Bulgaria are attracted to the fact that you are far less likely to become a victim of crime in Bulgaria than on any UK street nowadays. Street crime in Bulgaria is rare, and general crimes against ‘the person’ are statistically lower compared to western European countries.
On the whole Bulgaria is a peaceful, law abiding and trouble free country and Bulgarians are friendly, warm and welcoming people.
Expatriates attracted to Bulgaria are rewarded with great beaches a sunny climate and attractions as diverse as wine tasting, aqua parks, ancient monuments, nature parks, music and flower festivals.
And the cost of living is incredibly low.
The economic forecast for Bulgaria.
Since 1989 Bulgaria has been going through a successful transformation from a state controlled economy to an open market economy - so successful has the transformation proved to be that Bulgaria has been invited to join the European Union with membership time-tabled for 2007.
In general financial analysts agree that Bulgaria is currently undervalued, and therefore base costs are lower than the market realisation set against forecasts of growth and increased investment flows.
In terms of what this means to those living in Bulgaria - the costs of living are exceptional low. But this is not going to last forever.
Bulgaria is currently benefiting from the European Union’s heavy investment into the country. Millions of Euro dollars being spent on upgrading the country’s roads and airports and schemes such as the “Beautiful Bulgaria Project” are being set up to refurbish the historical and architectural gems of Bulgaria.
All this work is meant to encourage new private investment to help bring Bulgaria more in line with its European neighbours in time for the 2007 EU entry.
This means that Bulgaria is increasing as a tourist and expat destination of choice year on year and those living in Bulgaria will only benefit as the country moves strongly towards EU entry.