BULGARIA MARKET SIZE POPULATION TOTAL POPULATION: (December 2000) Spanish Institute of Foreign Trade-Country Cards 2002

POLICY FRAMEWORK (June 2002) FORM OF GOVERNMENT: Parliamentary Republic. 7.974 million Population density: (2000) ROMANIA 73.4 hab./km2 Vidin RUSE DA NU BIO GROWTH RATE: (2000) -0.51% URBAN POPULATION: (2000) 68.5% DOBRICH HEAD OF STATE: President of the Republic, elected for a term of five years, rene wable once. Since November 2001, Georgi Parvanov Bulgarian Socialist Party. PARL IAMENT: unicameral National Assembly of 240 seats, elected every four years by d irect universal suffrage and proportional representation method. The last electi ons took place in June 2001. PRIME MINISTER: Simeon Saxe-Coburg (June 2001 elect ions). Governing Party: National Movement Simeon II (120 seats) in coalition wit h the Movement for Rights and Freedoms (21 seats). Opposition: Union of Democrat ic Forces (51 seats), Alliance for Bulgaria (48 seats). DISTRIBUTION BY GENDER: (December 2000) VARNA A YA N MALE: FEMALE: Age distribution: (December 2000) 48.7% 51.3% PEOPLE MAIN CITIES: (Thousand inhabitants. 2000) PLEVEN

TR SOPHIE: (Capital) 1200 341 308 196 170 151 YUGOSLAVIA UR ISK Veliko Turnovo PLOVDIV: VARNA: S. Stara Zagora BURGAS 0-14: 15-64: 65 +: 15.6% 68.1% 16.3% BLACK SEA BURGAS: RUSE: Stara Zagora: STR UM A MAR PLOVDIV ITZA INCOME Gross Domestic Product MACEDONIA TURKEY ROAD NETWORK GDP by expenditure components: Current prices (million cams, 2000) VALUE% RIVERS GREECE 0 MAIN RAIL TRADE ZONES 25 50 75 100 km Private consumption Public consumption Gross fixed capital formation Change in i nventories Exports Imports Statistical discrepancy GDP at market prices 20,907 1,965 4,111 102 14,884 -16,305 -210 25,454

82.1 7.7 16.2 0.4 58.5 -64.1 -0.8 100.0 Marmara Sea SOCIAL INTEREST DATA ETHNIC GROUPS: 85.3% are Bulgarians, Turks 8.5%, 2.6% and 3.6% Roma remaining ma inly Armenians, Jews, Vlachs and Serbs. GEOGRAPHIC FEATURES Bulgaria is located in the northeast quadrant of the Balkan peninsula (southeast ern Europe). Has an area of 110,993.6 km2, of which 38% are arable land and 35% forest. It is bounded on the east by the Black Sea and shares borders with Yugos lavia and the former Yugoslav Republic of Macedonia (west) and Greece and Turkey (south). The Danube, its only major navigable river, is the natural northern bo rder with Romania. 70% of the surface corresponds to hills and plains, and the r emaining 30% to mountain ranges. There are three major sets terrain: the south, the massif RilaRodopes, with the country's highest peak, the Musala (2,925 m), f rom northwest to southeast, the Balkan Range, with mountains of medium altitude (1,500 2,300 m) and narrow valleys, in the center, the vast plain formed by the valleys of the rivers Iskur, Struma, Mesta and Maritza. The climate is moderate continental, moderated by the Black Sea coast. It has four clearly differentiate d seasons. Minimum temperatures in winter can range from -2 º C to 2 ° C and 2 3 º C to 35 º C in summer. In the Danube basin and in Sofia the climate is ext reme, with winter temperatures close to 0 ° C, summers are extremely hot and un stable air marked in spring and autumn. RELIGION: 85% are Orthodox Christians, 13% Muslim, 0.8% Jewish and 0.5% Roman Ca tholic. OFFICIAL LANGUAGE: Bulgarian is the official language. It uses the Cyril lic alphabet. As working languages use English, Russian, German and French. (2000) (2001) REAL GROWTH OF GDP: 5.8% 4.0% (2000) (2001) AVERAGE TEMPERATURES (Sofia) JANUARY-FEBRUARY: 0 º C JULY-AUGUST: 25 º C GDP PER CAPITA: (U.S. dollars) 1459 1705 NATURE OF THE ECONOMY ECONOMIC ACTIVITY EMPLOYED POPULATION BY SECTOR: (2000)

TRANSPORT INFRASTRUCTURE GDP by industry Current prices (million cams, 2000) VALUE% AGRICULTURE, LIVESTOCK, FISHING AND MINING: INDUSTRY AND CONSTRUCTION: SERVICES: UNEMPLOYMENT RATE: (December 2001) 28.1% 25.8% 46.1% 17.3% Agriculture and Forestry Industry Construction Transport and communication Trade Other services GDP at factor cost 3,269 5,443 820 2,159 2,357 8,485 22,533 14.5 24.2 3.6 9.6 10.5 37.7 100.0 ROADS: The road network consists of approximately 37 300 km of which 92% are pav ed, there are 314 km of highways and 2,886 km of roads in first class. In genera l the state of the roads is quite poor. At present the Government, together with the European Union through the PHARE and ISPA funds and funding from other mult ilateral agencies,€modernizing and repairing the existing network and prepare t he construction of another 1,000 km of motorway. RAIL: The railway network consi sts of 6467 km of roads, of which 2743 km are electrified. As an important means of transport in the country, is tackling maintenance projects, improvements and electrification of the existing infrastructure. It plans to build a rail link t o Macedonia. PORTS: Bulgaria has relatively modern four major ports, two sea (Varna and Burga s) and two rivers (Ruse and Vidin). The port of Varna has a terminal with storag e capacity of over 1,000 standard containers. There are 470 km of navigable rive r systems along the Danube. AIRPORTS: Bulgaria has, in addition to Sofia, three international airports in Plovdiv, Varna and Burgas. In 1999, Balkan Airlines, t he flagship airline, was privatized. Since that time the company entered into a financial crisis that eventually led to the receivership, so far it is clear whi ch company will take their flights. Air transport of goods increased by 220% in 2001. PRICES: (Variation 2001 / 2000) PA LES CHARACTER STICASDELOSPRINCI à 7.5% PRODUCTIVE SECTORS Agriculture has traditionally been the main economic activity in Bulgaria. Howev er, an inadequate transition to a market economy led to the drop in acreage and productivity with a consequent drop in agricultural production and its contribut ion to GDP (21.1%, 17.3% and 14 , 5% of GDP in 1998, 1999 and 2000, respectively ). The main problems facing the sector are the lack of a land market, low capita lization of the companies producing the increase in the price of inputs and dema nd reduction, losing its traditional markets and lower domestic demand. In addit ion, the process of restitution of nationalized land in the Communist era has cr eated a serious problem of abandonment of them, since 52% of the new owners live in urban areas. With the aim of improving agriculture and rural development, th e European Union since 2000 has allocated relief funds SAPARD. The main crops ar e cereals, fruits, vegetables, snuff, cotton and wine. The livestock population has also suffered a drastic reduction from 1990 due to high prices of feed and f odder. As for mining, although the quality of the deposits is low, there are dep osits of lignite, lead, zinc, copper, manganese, iron and marble. Another proble m of the Bulgarian economy is that it is intensive in terms of energy consumptio n (5-10 times more per unit of output in OECD countries). This circumstance is p articularly serious due to extreme external dependence in terms of primary energ

y sources (it imports 70% of intake). You need a program to save energy, but the main obstacle is the low investment. The main sectors of Bulgarian industry are iron and steel, petrochemical, textile, electronics, biotechnology, chemistry, machinery and light industry and the food. All of them are facing a number of pr oblems among which are environmental degradation, obsolescence of plants and tra ining of workers, high production costs, debt and the loss of markets, including the interior. Within the services sector, the main contributions to GDP corresp ond to tourism, transport, communications, commerce and financial services. Tour ism, with visitor figures to increase year after year, is a priority area for in vestment. Thus, foreign investors acquired ownership of certain establishments i n the sector through the privatization process. On the other hand, Bulgaria's ge ographical location makes transportation a particularly important sector. Thus, five of the ten trans-European corridors pass through Bulgarian territory. The m odernization of transport remains a government priority, but financial resources are insufficient. They are conducting communications infrastructure projects th rough the PHARE and ISPA of the European Union, and also has other multilateral funding (EIB, EBRD and World Bank). CONSUMER PRICES: (Variation 2000 / 1999) CONSUMER PRICES: GOVERNMENT DEFICIT: (December 2001) 10.3% 0.9% GDP BUSINESS AND BANKING SERVICES MARKETING Major shopping centers in the west are Sofia, Plovdiv in the south, Ruse in the north, and Varna and Burgas on the Black Sea coast. The latter are subject to st rong seasonality, since€although they are in port goods, develop greater commer cial activity in the summer months with the influx of tourists. Gradually the mo dern distribution of large areas, is gaining ground once the major public distri bution structures have disappeared or have been privatized. During the transitio n there has been a process of fragmentation and dislocation of the domestic mark et to new companies trying to overcome. Are forming specialized chains and purch asing centers that facilitate the marketing and distribution. As a result, an ex tensive network coexist retail offer with a relatively expensive and skilled, an d modern distribution structures such as supermarkets and hypermarkets, mainly f rom foreign capital as Metro, Billa and Ramstore. The range of products availabl e is ever closer to that of developed countries. Is also developing the franchis e. In the food sector is dominated by open-air markets for fresh produce, and gr ocery stores or convenience stores for processing. Consumer goods are sold both in bazaars, and in specialty stores and some supermarkets. The fair is increasin g in Bulgaria. The traditional event is the International Fair Plovdiv, multisec toral, with two editions a year, one in the spring of consumer goods and other i ndustrial products in autumn. Bulgaria is a very open economy dependent on forei gn trade, and in recent years has reoriented their trade flows, traditionally or iented towards Eastern Europe, to countries of the OECD, in particular towards t he EU. BALANCE OF PAYMENTS (Millions of euros, 2001) Trade balance Exports (FOB) Imports (FOB) services and income Current transfers Current account Capital account Direct investment Portfolio investment Other cap ital Financial Account Balance Errors and omissions global 5707.1 1764.0 7471.1 236.6 -979.5 -0.1 752.0 94.3 547.9 327.3 231.3 425.3 1173.6

BANKS The Bulgarian National Bank is the central bank. Bulgaria's banking system, cons isting of state banks and private Bulgarian and foreign banks, consolidation is underway, but needs to further develop the provision of financial services. Ther e are currently 29 commercial banks and 7 branches of foreign banks operating in the country, with none of them is Spanish. The country's largest banks are Bulb ank, DSK Bank and United Bulgarian Bank. The economic crisis of 1996 and 1997, w as marked from the outset by the collapse of the financial system. The bank fail ures exacerbated the crisis of hyperinflation and depreciation, constricting cre dit and money multiplier. The introduction in 1997 of the currency board system, also supported by the current executive has helped the economic and monetary st ability in the country, allowing the resumption of loans to corporate sector. In the banking sector, have established stricter standards of control which has be en a certain constraint on credit growth, but the main deficiency of the system is the lack of competition among lenders, which makes the revival of activity ba nk. During 2002 it is expected to end the privatization of the Bulgarian Nationa l Bank began in 1992 with the creation of the Bank Consolidation Company (BCC) a s representative of the interests of the state in about 70 banks. EXTERNAL DEBT (Millions of U.S. dollars at end of period, 2001) Total external debt external public debt / GDP external debt service / exports o f goods and services 9903.5 76,0% 20.2% MARKET OPENNESS AND ACCESSIBILITY MARKET OPENING DEGREE (Goods, 2000) (goods, 2001) EVOLUTION OF EXCHANGE RATES (Period average) 1999 2000 2001 FOREIGN TRADE (IMPORT Export.ar +.) / GDP Imports / GDP 62.1% 105.8% TOTAL IMPORT / EXPORT GLOBAL TOTAL IMPORT / EXPORT WORLD 0.11% 0.08% BGN / EURO * = U.S. dollar / EURO = 1.96 1.066 1.96 0.924 1.96 0.896 * Means calculated on "new levies" after the change of denomination of the coin of July 5, 1999, when he became old cam 1000 amount to a new cam. The cam mainta ins a fixed exchange rate with the euro through a currency board system agreed w ith the IMF as central as the macroeconomic stabilization program. STRUCTURE OF FOREIGN TRADE

GEOGRAPHICAL DISTRIBUTION OF BULGARIAN FOREIGN TRADE (Percent structure, 2001) MARKET ACCESS TRADE REGIME 24.9% REST OF WORLD IMPORTS GERMANY 49.2% 15.3% EU REST WORLD 187% Italy 15.0% EXPORTS EU 54.8% 9.6% ITALY ROMANIA 2.4% EE. UU. 2.6% UKRAINE 3.2% GERMANY 9.6% FRANCE 6.1% ROMANIA GREECE 2.5% 4.2% 8.8% YUGOSLAVIA TURKEY 3.8% GREECE UNITED KINGDOM SPAIN 5.7% OTHER 2.5% 1.7% EU 8.5% RUSSIA 19.9% BELGIUM KINGDOM FRANCE SPAIN TURKEY OTHER EU EE. UU. 8.1% 5.5% 4.9% 5.6% 3.2% 5. 1% 2.6% KINGDOM The Economy Ministry is the agency responsible for foreign trade, and is respons ible in particular for the development and enforcement of import and export. The re is an ongoing comprehensive program of trade liberalization. Certain goods re quire prior authorization for import: the case of precious metals, some chemical s, weapons and explosives, certain plants, fruit machines, bottled and alcoholic beverages without asbestos. Other products must be inspected prior, such as liv e animals, alcoholic beverages, certain fuels and snuff. Bulgaria has signed association agreements with the EU and EFTA. In February 200 0 he received the invitation from the European Community to begin negotiations o n its accession to the EU. However, it is not intended to join the EU before 200 7. Bulgaria is also a member of WTO, Free Trade Agreement of Central Europe (CEF TA) and the Agreement on the Black Sea Economic Cooperation. He has also complet ed free trade agreements with Turkey, Macedonia, Lithuania, Israel, Croatia and Estonia. Currently pending signing the agreement with Latvia. The agreement with Morocco is in negotiations and consultations have begun to open negotiations wi th Serbia and Montenegro. BULGARIAN FOREIGN TRADE BY PRODUCTS (Millions of U.S. dollars, 2001) VALUE% CHANGE 01/00 HISPANO-BULGARIAN BILATERAL TRADE Tariff chapters of the EU's Combined Nomenclature (thousands of euros, 2001) VALUE% CHANGE 01/00 TARIFFS The latest version of Bulgarian tariff is applicable from January 1, 2002. Its s

tructure is based on the Harmonized System and Combined Nomenclature of the EU. 17.7% of goods are exempt from customs duties, including energy sources, raw mat erials and medicines. About 20% of goods are taxed with a tariff of between 2% a nd 5%, and about 30% of imported goods subject to tariffs of between 6% and 10%. The average tariff on imports from countries that enjoy the status of "most fav ored nation" is 11.3%. The overall average tariff for industrial products is 8.5 % (10% in 2001), and agricultural products 20.6% (21.9% in 2001). Imports of ind ustrial goods from the EU and CEFTA have very low tariffs. The average tariff fo r products originating in the EU is 1%. For agricultural products tariffs are hi gher. As of January 1, 2002 apply zero tariff on industrial goods from the EU. I mports are also subject to VAT at the standard rate of 20% and, where appropriat e, the luxury tax or excise duties (alcohol, work snuff, etc.).. There are no ot her taxes or customs duties. The customs declaration requires the submission of a document similar to the SAD (Single Customs Document) used in the EU, together with the invoice, certificate of origin, transport documents, packing lists and certificates. IMPORTS (CIF) Textile and leather clothing, footwear and other consumer goods ma chinery, transport equipment, electrical appliances and tools Basic metals and f uel minerals and manufactures chemicals, plastics and rubber products plant and animal origin, food, beverages and snuff Wood, paper, ceramics and glass Remaini ng Imports Exports (FOB) Textile and leather clothing, footwear and other consum er goods and articles of basic metals and fuels Mineral Machinery, transport equ ipment, electrical appliances and tools Chemicals, plastics and Rubber products of animal and plant food, beverage and snuff Wood, paper, ceramics and glass 1805.3 7230.0 1795.0 1626.0 475.7 5099.4 468.2 2273.8 197.5 169.0 693.3 774.3 68 8.8 622.7 329.4 283.5 126 9 11.5 28.4 13.2 -8.0 15.8 13.4 13.1 8.7 21.1 6.1 72.8 -11.0 -1.4 12.8 1.7 7, 1 -5 .9 SPANISH EXPORTS (FOB) 84. Nuclear reactors, boilers, machinery 55. Synthetic or artificial staple fibers 69. 54 Ceramic products. Man-made filaments 52. Cotton 87. Motor vehicles, tractors 39. Plastics and articles thereof 85. 27 Electrical machinery and apparatus. Mineral fuels and oils 32. Tanning or dyeing Remaining exports SPANISH IMPORTS (CIF) 72. Iron and steel 99.€Positions of regrouping 2 7. Mineral fuels and oils 62. Clothing, not knitted 31. Fertilizers 78. Lead and articles thereof 61. Clothing, point 12. 29 Oil seeds and fruits. Organic chemi cals 25. Salt, sulfur, earths and stone imports Remaining 114,288 9,934 9,709 8,881 7,743 6,984 6,169 6,050 5,848 4,753 4,707 43,510 203,2 87 73,956 17,221 11,816 11,801 11,618 10,163 10,068 8,358 6,754 6,345 35,187 16.8 31.9 148.8 59.8 39.9 28.0 60.2 -10.7 38.8 -27.7 44.1 -3.8 55.6 88.9 37.4 11 4, 4 28.7 76.0 35.7 115.2 252.1 -16.4 541.6 3.2 MEMBERSHIP ORGANIZATIONS COMMERCIAL AND ECONOMIC AREA OF BLACK SEA ECONOMIC COOPERATION FREE TRADE AGREEMENT OF THE CENTRAL AND E ASTERN EUROPE (CEFTA) PHARE, SAPARD IPSA THE EU AND EUROPEAN BANK FOR RECONSTRUC TION AND DEVELOPMENT (EBRD) TRADE AND DEVELOPMENT BANK OF BLACK SEA WORLD BANK ( WB ) INTERNATIONAL MONETARY FUND (IMF), WORLD TRADE ORGANIZATION (WTO) United Na tions Conference on Trade and Development (UNCTAD) LEGAL FRAMEWORK FISCAL SYSTEM There is a single tax rate of 20% VAT, which in the case of imported products we re added to the applicable tariff. A new regulation from the Ministry of Finance establishes the possibility of refund of VAT paid by non-residents in Bulgaria. Excise duties vary between 10% and 110%, and included in the coffee and tea, le

ather goods, cars, jewelry, perfumes and cosmetics, fuels, sound and television equipment, alcohol, snuff, etc. The Tax Law Societies Benefit provides a flat ra te of 15%. Additionally there is a 10% municipal tax-deductible based on the est imated tax benefit. On June 14, 1991 came into force an agreement between Spain and Bulgaria for the avoidance of double taxation in income tax, corporate incom e tax, on capital, and local taxes on income and assets. PRACTICAL INFORMATION CURRENCY The currency is the lev, plural leva (in Castilian, leva), which is divided into 100 stotinki. The abbreviation of the cam used by the Bulgarian National Bank i s BGN (Bulgarian New Lev). Issued in foreign currencies 1, 2, 5, 10, 20 and 50 s totinki and notes of 1, 2, 5, 10, 20 and 50 cams. The non-resident individuals c an import an unlimited number of cams and foreign exchange, having to declare th e amount and type of currency to the customs authorities if the total exceeds 50 00 cams. POWER Voltage: 220 V, single phase, 380 V, three phase. Frequency: 50 Hz LINKS FROM SPAIN AIRWAY: Balkan Airlines makes a weekly flight Sofia-Madrid and Madrid-Sofia, Thursday, a lthough the regularity of flight is not guaranteed. You can also commute via Fra nkfurt, Munich, Zurich, Vienna, Milan, Paris or London with other foreign compan ies. LOCAL TIME GMT + 2; one hour ahead for the EU countries except the United Kingdom, Greece a nd Finland. By Sea: There is a regular line Burgas-Barcelona. LAND: The quickest route by rail or road is s linked by rail to Munich, Belgrade, ens and Istanbul. The train movements fe. It is preferable to travel by bus passing through Belgrade (Serbia). Sofia i Moscow, Kiev, Bucharest, Thessaloniki, Ath are slow, uncomfortable and sometimes unsa if there is this alternative.

STANDARDIZATION AND CERTIFICATION OF PRODUCTS Bulgaria is in the process of harmonization of legislation and regulations relat ed to certification and / or approval of products, in accordance with EU directi ves, and there are a large number of companies in the country on its own initiat ive, working with ISO 9000 standards. The import of industrial products from the EU does not need mandatory certification with the exception of products that af fect human health such as cosmetics, foods, beverages, drugs, etc.. These must b e approved, registered and / or need for certification. The main Bulgarian autho rities that are issued and regulated by the Ministry of Agriculture and Forestry (National Plant Protection and Quarantine and Agrochemistry National Veterinary Service), the Ministry of Health, the State Agency for Standardization and Metr ology and FarmatologÍa Agency of Bulgaria. WORK SCHEDULE BANKS Monday through Friday, from 09:00 to 16:30. PUBLIC ADMINISTRATION Monday through Friday, 08:30 to 17:00, with one hour for lunch from 12:00 to 13: 00.

USEFUL ADDRESSES IN BULGARIA EMBASSY OF SPAIN IN SOFIA CHANCELLOR Sheinovo, 27 1054 Sofia tel.: 00 (359) 2-946 12 09 943 30 32/30 34 32 33/36 20 Fax: 00 (359) 2-946 12 01 ce: embespbg@mail.mae.es USEFUL ADDRESSES IN SPAIN EMBASSY OF THE REPUBLIC OF BULGARIA Chancery and commercial counselors Crossing Santa Maria Magdalena, 15 28016 Madr id tel.: 91 345 5761 / 6651/359 7611 Fax: 91 359 1201 SHOPS Monday through Friday, from 09:30 to 19:00 hours, Saturday from 09:00 to 14:00. SHOPPING proliferate "NON-STOP WORKING EVEN SUNDAYS AND HOLIDAYS. VACATIONS AND HOLIDAYS Yearly holidays: Minimum set by law, 20 working days. PROTECTION OF PATENTS AND TRADEMARKS Bulgaria is a member of Paris Convention for the Protection of Industrial Proper ty, the Convention Establishing the World Intellectual Property Organization (WI PO), the Agreement on Trade-Related Aspects of Intellectual Property Rights Rela ted to Trade (WTO), the Cooperation Treaty (PCT), the Madrid Agreement Concernin g the International Registration of Marks and its Protocol and the Berne Convent ion on Copyright. Intellectual Property and related rights, are protected by the Copyright Act 1993, last modified in 2000, which regulates the copyright result ing from the creation and distribution of literary, artistic and scientific. Pat ents must be registered with the Bulgarian Patent Office, located in Sofia. HOLIDAYS: January 1 (New Year), March 3 (National Holiday), Orthodox Easter (variable, usu ally a week after the Catholic), 1 May (Labour Day), May 6 (St. George), May 24 (Day Alphabet and Culture), September 6 (Unification Day), September 22 (Declara tion of Independence), 24, 25 and December 26 (Christmas). ECONOMIC AND TRADE OFFICE OF THE EMBASSY OF SPAIN IN SOFIA Dragan Tsankov, 36 Office 806-807 1040 Sofia tel.: 00 (359) 2-971 20 01/71 46 31 85 fax: 00 (359) 2-971 20 63 ce: buzon.oficial @ sofia.ofcomes.mcx. is SECRETARY OF STATE FOR TRADE AND TOURISM. MINISTRY OF ECONOMY Paseo de la Castellana, 162 28046 Madrid tel.: 91 349 3500 fax: 91 349 5242 cc: @ sectyp.sscc.mcx.es buzon.oficial SPANISH INSTITUTE OF FOREIGN TRADE (ICEX) Paseo de la Castellana, 14-16 28046 Madrid tel.: 91 349 6100 fax: 91 431 6128 ww w.icex.es HEALTH PRECAUTIONS Previous vaccination is not required to visit the country. It should take the us ual hygiene precautions in a country in Eastern Europe. CHAMBER OF COMMERCE AND INDUSTRY Bulgarian Parchevich Str, 42 1000 Sofia tels.: 00 (359) 2-987 26 31 / 35 Fax: 00 (359) 2-9 87 32 09 ce: bcci@bis.bg bcci_bg@main.infotel.bg ENTRY FORMALITIES For citizens of EU countries is necessary to have a valid passport. For stays lo nger than 90 days need visa. In this case can be obtained from the Consulate of the Embassy of Bulgaria at the border. From March 1, 2002, to leave the country

all aliens must show a bill from the hotel where they stayed or a sealed letter of the company visited. Visitors not staying in hotels, must register with the p olice within 48 hours of their entry. ROAD TRANSPORT Bulgaria and Spain signed the November 28, 1978 an Agreement on the Carriage of Passengers and Goods by Road, BOE 07.07.1979, entered into force, BOE 07/16/1979 . Bulgaria also acceded to the conventions CMR, TIR and ADR. Bulgarian FOREIGN INVESTMENT AGENCY Sveta Sofia Str, March 1000 Sofia tel.: 00 (359) 2-980 05 14 fax: 00 (359) 2-980 13 20 www.bfia.org SOURCES: Economic and Commercial Office Embassy of Spain in Sofia, Databases ICE X, Bank of Spain, National Statistical Institute (Bulgaria), Bulgarian National Bank, IMF, WTO, WIPO. JUNE, 2002 Legal Deposit: M-NIPO 00000-2002: 381-02-016-0 ISBN: 84-7811-446-7