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Bulgaria entered the European Union on 1 January 2007. The authorities is committed to financial reform and accountable fiscal planning. Minerals, including coal, copper, and zinc, play an vital function in business. In 1997, macroeconomic stability was reinforced by the imposition of a set alternate fee of the lev towards the German D-mark - the forex is now fixed in opposition to the Euro , and the negotiation of an IMF standby agreement. Low inflation and regular progress on structural reforms have improved the business surroundings; Bulgaria has averaged 5.1 per cent growth since 2000 and has begun to draw vital amounts of FDI. The Bulgars, a Central Asian Turkic tribe, merged with the native Slavic inhabitants within the late seventh century to kind the first Bulgarian state. In succeeding centuries, Bulgaria struggled with the Byzantine Empire to claim its place in the Balkans, however by the top of the 14th century the country was overrun by the Ottoman Turks. Northern Bulgaria attained autonomy in 1878 and all of Bulgaria turned independent from the Ottoman Empire in 1908. Bulgaria became a People's Republic in 1946. Bulgaria held its first multiparty election in 1990 with the fall of communism. It has moved in the direction of democracy and a free market economy ever since. The nation joined NATO in 2004 and the EU in 2007. Bulgaria accepts obligatory ICJ jurisdiction. If you might be new to investing in real estate in Bulgaria it's possible you'll not know what a registered company is - Company formation Bulgaria. A registered company is basically a business in Bulgaria that can own the title of your land. Many lawyers and/or real property brokers will be ready to help you with this part. The costs of registering a company could differ depending on what sort of company you register. The common price are, a 5000 BGL deposit that is your companies legal responsibility, the price of the corporate registration processing by means of a solicitor which can cost from four hundred EUR all the way to one thousand EUR, and a state charge. You will also be required to submit annual accounts when you find yourself by with the registration, so chances are you'll want to hire a local accountant, whose costs will differ. The entire strategy of registration normally takes about two weeks.