Economy

08.05.2007

Until 1989, Bulgaria had a Soviet-style economy in which nearly all agricultural and industrial enterprises were state-controlled. A stagnant economy, shortages of food, energy, and consumer goods, an enormous foreign debt, and an obsolete and inefficient industrial complex instigated attempts at market-oriented reform in the 1990s. Traditionally an agricultural country, Bulgaria has been considerably industrialized since World War II. The leading industries are machine building, metalworking, food processing, engineering, and the production of chemicals, textiles, and electronics. Bulgaria's chief mineral resources include bauxite, copper, lead, zinc, coal, brown coal (lignite), iron ore, and oil and natural gas. There are many mineral springs. Agriculture accounts for more than 20% of the gross national product and employs about the same percentage of the workforce. The principal crops are wheat, oilseeds, corn, barley, vegetables, and tobacco. Grapes and other fruit, as well as roses, are grown, and wine and brandy production is important. More than 80% of Bulgaria's trade is with former Soviet-bloc countri

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