Legislative branch: unicameral National Assembly or Narodno Sobranie (240 seats; members are popularly elected to serve four-year terms) elections: last held 19 April 1997 (next to be held NA 2001) election results: percent of vote by party-UDF 52%, BSP 22%, ANS 7%, Euro-left 5.5%, BBB 4.95%; seats by party-UDF 137, BSP 58, ANS 19, Euro-left 14, BBB 12
Judicial branch: Supreme Court, chairman appointed for a seven-year term by the president; Constitutional Court, 12 justices appointed or elected for a nine-year term
Political parties and leaders: Bulgarian Socialist Party or BSP [Georgi PURVANOV, chairman]; Union of Democratic Forces or UDF (an alliance of pro-Democratic parties) [Ivan KOSTOV]; Euro-left [Aleksandur TOMOV]; Alliance for National Salvation or ANS (coalition led mainly by Movement for Rights and Freedoms or DPS [Ahmed DOGAN]); Bulgarian Business Bloc or BBB [Georgi GANCHEV]; People's Union [Anastasiya MOZER and Stefan SAVOV, cochairmen]
Political pressure groups and leaders: Democratic Alliance for the Republic or DAR; New Union for Democracy or NUD; Podkrepa Labor Confederation; Confederation of Independent Trade Unions of Bulgaria or CITUB; Bulgarian Agrarian National Union-United or BZNS; Bulgarian Democratic Center; "Nikola Petkov" Bulgarian Agrarian National Union; Internal Macedonian Revolutionary Organization or IMRO; Agrarian movement; numerous regional, ethnic, and national interest groups with various agendas
International organization participation: ACCT, BIS, BSEC, CCC, CE,
CEI, EAPC, EBRD, ECE, EU (applicant), FAO, G-9, IAEA, IBEC, IBRD,
ICAO, ICFTU, ICRM, IFC, IFRCS, IHO, IIB, ILO, IMF, IMO, Inmarsat,
Intelsat, Interpol, IOC, ISO, ITU, MONUA, NAM (guest), NSG, OSCE, PCA,
PFP, UN, UNESCO, UNIDO, UNMIBH, UNMOT, UPU, WEU (associate partner),
WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Philip DIMITROV chancery: 1621 22nd Street NW, Washington, DC 20008 telephone: [1] (202) 387-7969 FAX: [1] (202) 234-7973 consulate(s): New York
Diplomatic representation from the US: chief of mission: Ambassador Avis T. BOHLEN embassy: 1 Saborna Street, Sofia mailing address: Unit 1335, APO AE 09213-1335 telephone: [359] (2) 980-52-41 through 48 FAX: [359] (2) 981-89-77
Flag description: three equal horizontal bands of white (top), green, and red; the national emblem formerly on the hoist side of the white stripe has been removed-it contained a rampant lion within a wreath of wheat ears below a red five-pointed star and above a ribbon bearing the dates 681 (first Bulgarian state established) and 1944 (liberation from Nazi control)
@Bulgaria:Economy
Economy-overview: One of the poorest countries of central Europe, Bulgaria has slowly been moving from its old command economy towards a market-oriented economy. The economy faced a major crisis in 1996, marked by a banking system in turmoil, a depreciating currency, and contracting production and foreign trade. Foreign exchange reserves dwindled to $518 million, while dramatically hiked interest rates added to the domestic debt burden and stifled growth. GDP fell by 11% in 1996, after experiencing 2.0% growth in 1995. Privatization of state-owned industries stagnated, although the first auction of a mass privatization program was undertaken in late 1996. Lagging progress on structural reforms led to postponement of IMF disbursements under a $580 million standby loan agreed to in July 1996. In November 1996, the IMF proposed a currency board as Bulgaria's best chance to restore confidence in the lev, eliminate unnecessary spending, and avoid hyperinflation. The board was set up on 1 July 1997. Its establishment was followed by a reduction in inflation and interest rates and by a rise in foreign investment. Simultaneously the government pledged to sell off some of the most attractive state assets. GDP in 1997 dropped 7.4%, but is expected to rebound to an estimated 2% in 1998. Other government objectives include: the completion of land reform, the privatization and strengthening of the banking system, and the modernization of the legal environment of business.