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Characteristics

Bulgaria is divided in 28 provinces, each one of which focuses in itself the economy, governance, the national and local characteristics of the respective region. Further on, these provinces are divided into municipalities which represent the main local government bodies of the country. Each municipality is autonomous, with its own budget and assets.

There are 12 municipalities in the Province of Varna with total population of 489,809 citizens. The population of Varna Municipality only is 346,000 citizens, making up to 70% of the total province population.

Varna is the third largest city in Bulgaria, with an area of 205 sq. km. Its situation on the Northern shore of the Black Sea, along with its richness in natural resources make it one of the famous resorts Europewide, definitely the largest one in the Black Sea region. It also happens to be on the crossroads between Western Europe and the Middle East.

The climate in the area and its other natural conditions are favourable for the development of industry, trade, tourism and communications. Varna is an ideal place for investors with business interests in the Balkan region.

INFASTRUCTURE

The geographical position and the existing infrastructure have determined the successful development of the city for centuries. The well developed sea and cargo transport has always been a determinant for the fame of the city as a crossroads between the East and the West.

There are three major factors in the infrastructure of the city: Port Varna, Varna International Airport and the telecommunications network.

Port Varna has a well designed and updated General Development Plan, adopted in February 1999, which is the cornerstone of its investment programme. Investors are invited to build three new erminals: a Ro-Ro terminal, a grain terminal and a container terminal. Feasibility studies have been made for the building of these terminals. According to the updated GDP, two new terminal shall also be built in Port Varna West – one for liquid chemicals and one for cement and clinker.

Varna International Airport is directly linked to the economic situation in the city and the region. It serves tourist companies mainly, operating scheduled and charter flights to more than 35 countries and 101 destinations. To reach its major goals – flight safety and high quality customer services, the airport needs serious investment following a new GDP, designed by an internationally acknowledged company. The new future will bring to the airport a new SAT II system for take off and landing of aircrafts in adverse meteorological conditions, which, along with the new platforms and runways for aircrafts of Boeing 767 type, will promote the airport to the international air market.

Varna International Airport is directly linked to the economic situation in the city and the region. It serves tourist companies mainly, operating scheduled and charter flights to more than 35 countries and 101 destinations. To reach its major goals – flight safety and high quality customer services, the airport needs serious investment following a new GDP, designed by an internationally acknowledged company. The new future will bring to the airport a new SAT II system for take off and landing of aircrafts in adverse meteorological conditions, which, along with the new platforms and runways for aircrafts of Boeing 767 type, will promote the airport to the international air market.

Besides the port, the airport and the good railroad and road connections, Varna has one of the best developed telecommunications networks in the country. There are 472 telephone lines installed per each 1,000 citizens, which is a big contribution to the leading position of our country in Central and Eastern Europe. Currently Varna has three digital telephone switchboards of the highest technology class, made by Siemens and Erickson. The level of digitalisation of the telecommunication network is 21.7%, compared to 7.8% for the rest of the country. Varna is included in two international optical circles: KAFOS - connecting Varna, Istanbul /Turkey/ and Mangalia /Romania/, i.e. the telecommunication infrastructure of Bulgaria and the European countries; BSFOCS – optical cable, connecting Varna, Odessa /Ukrain/ and Novorossiysk /Russia/, to be completed by the middle of the year 2000. This project will integrate our country with the telecommunications structure of the countries in the Middle East, Asia, Western Europe and America.