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Gabrovo municipality has a territory of 555.579 km² with population of 68 800 people. Gabrovo, located along the Yantra River, is part of trans-European transport corridor № 9. About 20 km up in the mountains, on the area of Uzana Resort, is the geographic center of Bulgaria. Conceived as a medieval settlement, in the Revival, the city gained an immense industrial power, became the cradle of the modern education and the most industrialized city of Bulgaria. It was called „the Bulgarian Manchester“. Gabrovo of today, evolves its industries, educational pursuits and cultural vibe. It is the world famous Capital of Humour and satire and thousands of people take part in the annual Carnival of Humor. Nowadays, Gabrovo is focused on modernisation, urban regeneration, new forms of social collaboration, combining the capacity of the Technical University, skilled labour force, entrepreneur culture, networking, research, innovations for achieving competitiveness, growth and prosperity.