International Business Across Borders: A Study on Bulgaria

International
Business Across
Borders
A Study on Bulgaria

General overview of the country
• Situated in the south eastern Europe
• Bordered by “Romania to the north, Serbia and Macedonia to the west,
Greece and Turkey to the south, and the Black Sea to the east”
• Covers is “110,994 square kilometres (42,855 sq mi)” and discerned as
the 16th-largest country
• The main commercial and cultural activities take place in the capital
and largest city, Sofia
• Strengths include “heavy industry, power engineering, and agriculture”

Political, Economics, Socio-cultural
and technological influences/benefits
• Political system of the country is seen with democratic constitution in 1991
• The political system encompasses of “unitary parliamentary republic” with
a high degree of the “political, administrative, and economic centralisation”
• Prehistoric initiated during the Neolithic era
• Underinvestment in the research since 1990 has forced many scientific
professionals to exit the country
• Country scores low in terms of the “innovation, competitiveness and high-
value added exports”