The Bulgarian people first lived in Pamir and Hindukush and from there they began their journey westwards. According to the modern historian P. Dobrev there were three distinct moves by the ancient Bulgarians toward the territory now known as Bulgaria. The first two waves were not successful but the third one led to the founding of the state now known as Bulgaria.
Wherever the ancient Bulgarians passed they left evidence, which survives to this day, of stone-built towns, inscriptions and place-names of the regions they occupied. Many inscriptions from that time have been found - they are written in a peculiar runic alphabet. Archaeologists have excavated a copy of a chronicle from the reign of King Barad, the last King of the Volga Bulgarians, in which there are stories about the origin of the ancient Bulgarians.
Until recently, the official communist history, heavily censored to reflect the views of the Soviet Union, considered that the history of Bulgaria began in 681 when the state of Bulgaria was founded and acknowledged, spreading to the lands where it exists today. But, the historical chronicles and documents have proved that a large and powerful country with strong military organisation had existed long before this date. The chronicle of the ancient Bulgarian dynasties is proof of the history of the Bulgarian Khan dynasties from the period from 165 AD up to 765 AD, when the chronicle was written.
The writer states that in 165, during the reign of Avitohol, the Bulgarians settled in the region of Caucus, coming from their most ancient homeland in Pamir. This is the year when the Great Bulgaria (this is the name used by the Byzantium chroniclers to refer to the state) was founded. The boundaries of Great Bulgaria were between the rivers of Dneper and Volga, reaching the Caspian and Black Seas. After the death of Khan Koubrat, his five sons managed to resist for three years the raids of the Khazars which came from the steppes beyond the Caspian Sea.
The Byzantine chronicler Teofan tells us that Khan Koubrat's will was his sons should never split up, but be like a bundle of sticks that could not be broken whilst they were together but would be vulnerable if separate. This will is written on the top of the gate of the Parliament: "The unity creates force". But his sons forgot about this wise advice and decided to divide the people amongst themselves. Each of them, together with his part of the people went seeking new lands to settle. The firstborn son, Bayan, stayed in his native land and soon was subdued by the Khazars. The second son, Kotrag, founded a state in the confluence of the Volga and Kam rivers, which survived until the beginning of the 13th century. Kuber led part of the Bulgarians to Panonia and settled in Macedonia. Altsek and his group reached Italy, near the town of Ravena.
The third son, Asparukh or Isperikh led the Bulgarian people west to the Danube delta where he laid the foundations of the third Great Bulgarian state in Eurasia, which was to survive for 13 centuries. He managed to subdue and unite the native Slavonic tribes. After successful battles with Byzantine he forced it to acknowledge the existence of the Bulgarian state (681 AD) and even compelled it to pay taxes to him.
© 2022, D. Georgieva
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Are Brits Investing In Bulgaria Because Of Its Lenient Travel Restrictions?
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14 July 2021, Our new UK phone number is now active
As of today our new UK landline phone number 020 4577-3369 is opperational for all our clients to call during the extended office hours. Please note the old mobile number (07440 964-345) will be disconnected at the end of July 2021.
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Bulgarian National Bank to restrict mortgage loans as of 2021, 23/09/2021
The Bulgarian National Bank has taken a decision to restrict mortgage lending. The Board of Directors has decided to increase the capital buffer for banks' risk loans from 0.5% to 1% from 2021. The measure aims to ensure that vaults have sufficient reserves to cover losses on non-performing loans. As a rule, the buffer is increased when it is necessary to "cool" a large increase in credit. [read more]
Price of agricultural land has risen by nearly 50 percent for 6 years, 14/09/2021
The price of arable land in Bulgaria has risen by over 47% for 6 years, the National Statistical Institute reported. In 2014, the average price was 362 euros per decare and in 2020 it was 533 euros. The biggest rise is seen in the southeastern region of the country - over 79%. Agricultural land there used to be cheaper, which made it attractive to investors. [read more]
Bulgarians become the biggest investors in real estate properties in their homeland, 01/09/2021
The Covid-19 crisis has affected all business spheres. However, according to data of Bulgarian real estate agents, demand and sales of housing properties have gone up, especially in the big cities. In their view, this is due to several reasons, but the latest increase in property sales is mainly due to the return of confidence towards Bulgaria’s property market. Investors are showing serious interest in depreciated holiday properties sold predominantly by foreign nationals who are rushing to sell their properties in Bulgaria even at prices below the market prices. This is so, because these people find it difficult to travel during the coronavirus pandemic. The main purchasers of real estate properties in Bulgaria are Bulgarian citizens living in Bulgaria or abroad who invest their savings in properties, in order to rent them or spend their summer vacation in them. [read more]
Are Brits Investing In Bulgaria Because Of Its Lenient Travel Restrictions? 17/08/2021
Many people expected the property market in Bulgaria to struggle in 2021. Property around the world was suffering price cuts, the pandemic having left potential home buyers with limited funds. Furthermore, Brexit was expected to have a big impact on British investment. [read more]
Health Ministry Orders Termination of Contract for New Children's Hospital, 26/07/2021
The Health Ministry has ordered the termination of a contract for building a new children's hospital which would involve the completion of a complex of buildings nextdoor to Sofia's Alexandrovska Hospital. [read more]
Sofia Airport to be Modernized with an EIB Loan of 40 Million Euros, 14/07/2021
The European Investment Bank (EIB) and the special investment company Sof Connect AD have signed a loan agreement of EUR 40 million for the modernization of Sofia International Airport, BNR reported, referring to the bank. Funding is supported by the European Commission's Connecting Europe Facility (CEF). [read more]
Bulgarians Buy out Russian’s Real Property on Black Sea Coast, 04/05/2021
Russians with properties on the Bulgarian Black Sea coast are now selling them en masse. Their withdrawal from the market is not because of the coronavirus, but because of the depreciation of the Russian ruble, according to brokers quoted by Trud. [read more]
Bulgaria's real estate market stable in 2020 despite coronavirus crisis - Raiffeisenbank, 29/03/2021
The real estate market in Bulgaria remained stable last year despite the challenges stemming from the coronavirus pandemic, with residential property prices continuing to grow, albeit at a slower pace compared to the pre-crisis speed, Raiffeisenbank Bulgaria said on Monday. [read more]
UK Embassy in Bulgaria, 31/01/2019
Ambassador Emma Hopkins has a message for UK nationals in Bulgaria. In it she provides an update on latest negotiations, the Embassy's recent work and reminds of the importance of registering with Bulgarian authorities if you reside in Bulgaria. [watch the video]
The flipside is that Bulgarian property is now remarkably affordable and probably appropriately priced. Properties that sold for €80,000 10 years ago are widely available now for €25,000, writes Diarmaid Condon in Is the price now right for Bulgarian property investments?. [read the article]
If you're looking for a cheap beach holiday this summer, you should head to Bulgaria and Turkey, according to the 12th annual Post Office Travel Money Holiday Costs Barometer. [read the article]
British holidaymakers are moving east to extract more value for their pounds, according to Europe’s biggest travel firm, writes Simon Calder in Bulgaria and Croatia See More Bargain-Seeking Brits. [read the article]
Nick Lavtchiev, director of Easy BG - a company that deals almost exclusively with UK clients - told Oxford Business Group (OBG) recently that, "Over-urbanisation is no good for this market. What is the point of going on vacation or having a home in a place that is as overpopulated and ugly as where you came from? There are plenty of other places in the middle of nowhere that are of interest to aspiring permanent residents.". [read the article]
The Report - Emerging Bulgaria 2007, 01/01/2007
"There is significant scope for development of spa and welness tourism due to Bulgaria's many mineral springs. Golf course development is another area where we are seeing growth." said Nick Lavtchiev, CEO of easy BG a local property firm". [read the book]
The prices are almost irresistible, but buyers must beware dodgy deals and 'iffy' infrastructure, writes Cheryl Markosky in Bulgaria Beckons. [read the article]