Gabrovo, Bulgaria — When rocks crashed through the windows of their home, the bathroom seemed the safest place to hide. Huddled together, the family of Vasil Velichkow Hristov — including his ...

Bulgaria's latest stabilization program, which included the introduction of a currency board, marked the end of a period of economic turmoil and near-hyperinflation. What accounts for its success?

Located in the western part of Bulgaria, the city is surrounded by mountains and bordered on its southern edge by the great green sweep of the Vitosha massif. Set against this verdant backdrop ...