It's pretty easy yes. The only issue here is the VCC as there are not much of Bulgarian VCC providers. If you want to operate it remotely it could be a bit hard, because there are almost no VPS and VPN providers.
@rave40 - they do give me 1000 items upon opening a Bulgarian account
I too wonder how is that achieved?
Also even if it is... do you make use of it or still build slowly with only a couple of items until the initial 90days are up?