A.   Country data
1.   Profile

     - Population: 8 459 723
     - Population growth rate:       - 0,003 %
     - Religion(s):    Bulgarian Orthodox  85%
                       Muslims             13%
                       Jewish             0.8%
                       Roman Catholic     0.5%
                       Protestant         0.5%

     - Government system: Parliamentary Democracy
     - Languages: Bulgarian; Turkish; Gypsy and other
     - Work week: Monday - Friday (8:30 am - 5:00 pm)

2.   Domestic Economy (in millions USDOLs)

                                   1993    1994    1995

GDP:                               7160    7160    7340
GDP growth rate:                   -5.0%      0%    2.5%
GDP per capita:                     842     842     863
Government spending as % of GDP:   36.3%   35.9%   35.4%
Inflation:                           70%    100%     30%
Unemployment:                      15.5%   15.0%     22%
Foreign Exchg. Reserves:           1000    1100    1000
Average exchange rate for USD 1.00:  32      52      75
Foreign debt**:                    1240    1060    1090
Debt service ratio**:              11.0    14.0    17.1
U.S. Economic/Military Assistance
  (in Fy year - millions USDOLs):  27.6    45.9     N/A

** Figures do not reflect recent "London Club" negotiations
(Spring 1994) wherein significant amounts of debt were settled

3.   Trade (in Millions of USDOLs)

                                   1993     1994     1995

Total Country Exports:             4700     5100     5600
Total Country Imports:             5400     5400     5700
U.S. Exports:                       115      125      160
U.S. Imports:                       159      178      195
U.S. Share of Host Country Imports:  2%      2.3%     2.8%


Imports of Manufactured Goods (in Millions of USDOLS)
per HS Chapters Defined in Guide
                                   1993     1994     1995    1996

Total (from world):                2160     2160     2280
From the U.S.:                       46.2     50       75
U.S. Share of Manf. Imports:          2.1%     2.3%     3.2%
Projected Avg. Annual Growth Rate
                       from World:     -       0%       5.5%    8.0%
                       from U.S. :     -       8%      20%     20%

Imports of Agricultural Goods
(in Millions of USDOLS)
                                   1993

Total (from World):                350
From the U.S.:                      24.5
U.S. Share of Agricultural Imports  7%
Agricultural Trade Balance         +40 (in Bulgaria's Favor)

Trade Balance with Three Leading Partners in 1993
                    CIS (Former Soviet Union):  - 742.0
                                      Germany:  - 244.0
                                        Italy:  -  0.25

Principal U.S. exports:
HS:  2701 (Coal); 1005 (Corn); 8473 (Computers); 1101 (Wheat);
     9903 (Airplane Parts)

Principal U.S. imports:
HS:  2401 (Tobacco); 3102 (Urea/Mixtures); 7402 (Copper);
     6203/6204 (Men's/Boys/Women's/Girl's Clothing);
     0406 (Cheese)


4.  Investment - Direct Foreign Investment by Year (in U.S. $):

         1991       1992      1993        1994**       Total
      9,347,165  51,340,300 140,180,100  83,420,000  284,500,000
                                         (** As of August, 1994)


Direct Foreign Investment by Sector

Sector                        Number            Value

Industry                       216           92,999,987
Transport                       41           54,906,184
Construction                    38           56,328,624
Trade                        1,583           39,543,832
Petroleum                       11           11,379,520
Telecommunications              13            6,827,712
Service (incl. tourism)         32            6,543,224
Natural Resource Extraction     11            4,267,732
Consulting                     135            3,698,344
Agriculture                     19              284,500
Electronics                     23              857,500
Other                          197            2,275,900
Total                        2,319          284,500,000

*Source: Bulgarian Foreign Investment Commission