Sofia
Sofia City Province has an area of 1344 km, while the surrounding and much bigger Sofia Province is 7,059 km. Sofia's development as a significant settlement owes much to its central position in the Balkans. It is situated in western Bulgaria, at the northern foot of the Vitosha mountain, in the Sofia Valley that is surrounded by the Balkan mountains to the north. The valley has an average altitude of 550 metres (1,800 ft). Unlike most European capitals, Sofia does not straddle any large river, but is surrounded by comparatively high mountains on all sides. Three mountain passes lead to the city, which have been key roads since antiquity, Vitosha being the watershed between Black and Aegean Seas.
Sofia is the economic hub of Bulgaria and home to most major Bulgarian and international companies operating in the country, the National Bank and the Bulgarian Stock Exchange. The city's GDP (PPS) per capita stood at €29,600 ($33,760) in 2015, one of the lowest for a capital region in the EU, but well above other cities in the country. Nominal GDP in 2014 was 32.8 billion leva ($19.1 billion) The average per capita annual income was 6,890 leva ($4,019) in 2014, and average monthly wages in June 2018 were $880, the highest nationally. Services dominate the economy, accounting for 85.9% of gross value added.
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