Varna and the surrounding area attracted $418m between 1992 and 2001 accounting for 10% of the total inward foreign investments in Bulgaria. The city’s port forms part of major logistics routes between Europe, Russia, Ukraine, Caucasus and Asia. Varna’s international airport is the country’s second largest airport after Sofia with connections to 35 countries and 101 cities around the world.

Besides its rich cultural and natural heritage (the oldest known gold artifacts were excavated near Varna), there are five universities in Varna city, and five scientific and research institutes. Rental prices for the best four-bedroom houses in the Old Greek Quarter and around the Varna Sea Garden start at just €6000 per year.

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