LYCOS RETRIEVER 
Bulgaria
built 390 days ago
Euro Games Technology, headquartered in Sofia, Bulgaria, is a leading provider of Video Gaming Machines, Slot Machines, Progressive Meters/Systems, and Gambling Software in Europe. With 160 employees, EGT has offices throughout Eastern Europe including Kiev, Ukraine, Budapest, Hungary, and Bucharest, Romania and has an authorized dealer in Latvia and a sales representative in Latin America. In the last five years, EGT has positioned itself as a leading manufacturer of gaming machines, jackpot systems, cabinets and other casino equipment in Bulgaria and abroad. EGT products set the highest standards in player return, reliability and user friendliness. The company's team of professionals have extensive experience in the business and are able to respond quickly to the rapidly changing trends in the gaming industry. The substantial know-how and experience they have accumulated over the years affords the company competitive growth opportunities.
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Founded in 681, Bulgaria is one of the oldest states in Europe. Its history is marked by its location near Europe’s frontier with Asia. Some 85% of the population are Orthodox Christians and 13% Muslims. Around 10% of the population are of Turkish origin while 3% are Roma. Similarly, its traditional dishes are a mixture of east and west. The most famous Bulgarian food is probably yoghurt, with its reputed gift of longevity for those Bulgarians who consume it regularly.
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If Bulgaria’s UDF government has a strong interest in changing the country’s image as an irresponsible arms supplier, how does one explain the continuing flow of weapons from Bulgaria into the hands of abusive forces? In part, the explanation lies in arms trade policies. By law the country’s arms trade is subject to official controls, which include licensing requirements for arms trading firms and for individual arms transactions. Bulgarian law sets out guidelines for the review of arms license applications, but these guidelines do not incorporate Bulgaria’s international commitments. For example, some of Bulgaria’s arms deals directly contravene provisions of the E.U. Code of Conduct on Arms Exports, to which it subscribed as a non-E.U.
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Before the fall of communism, Bulgaria had a strong agricultural sector and a great industrial sector that concentrated on steel, heavy chemicals, electronics, information technology, and armaments. Post-communism showed that these developments were not well suited for a democratic environment. The 90's saw a loss of protected markets, and slow agricultural reform, which led to a decrease in output. Since then, Bulgaria has been concentrating mainly on industry. The Gross Value Added (GVA) is a measurement in the estimation of the GDP. It measures how much each individual producer has added to the economy.
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Bulgaria, a former communist country striving to enter the European Union, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. As a result, the government became committed to economic reform and responsible fiscal planning. Minerals, including coal, copper, and zinc play an important role in industry. In 1997, macroeconomic stability was reinforced by the imposition of a fixed exchange rate of the lev against the German D-mark and the negotiation of an IMF standby agreement. Low inflation and steady progress on structural reforms improved the business environment; Bulgaria has averaged 4% growth since 2000 and has begun to attract significant amounts of foreign direct investment. Corruption in the public administration, a weak judiciary, and the presence of organized crime remain the largest challenges for Bulgaria.
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In 2007, Bulgaria will be joining the European Union. In 1988, Bulgaria established a working relationship with the EU. Sofia, the capital of Bulgaria, submitted an application for EU membership in 95; two years later negations began. Accession negations began in 2000, and ended in June 2004 with the agreement that Bulgaria would be joining the EU as a full member in January of 2007. Bulgaria will receive 240 million euro, as well as 2.2 billion euro in 2007-09. IN April of 2005, Sofia signed the EU Accession Treaty, which was ratified on May 11, 2005.
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