Municipality of Shumen - Credit rating  •  The Municipality of Shumen is to issue 4 Million Leva in Bonds.


Thermal spring in village Marash - opportunities for investor

The city of Shumen was founded 3200 years ago. During ancient times the city was cradle on the rich spirit and significant culture – Thracians, Romans, Byzantines, Bulgarians. In close proximity to Shumen are the first two capitals of the Bulgarian nation – Pliska and Veliki Preslav and the religious center Madara. Special active culture and educational activities develop during the golden age of Bulgaria when the city is called Simeonis. There are two different stories regarding the name of the city Shumen. The first is that the name descends from the name of Tsar Simeon Veliki: Simeon – Shimeonis – Shumen. The second is that it descends from shuma, or foliage – a greatly timbered place with many forests. From its finding until the 15th century, the city was situated in the region of the Shumen fortress which explains the well-made complex of public and culture buildings.

Photo Gallery
Photo Gallery