Kranevo is a coastal village on the northern Bulgarian Black Sea Coast, part of Balchik Municipality, Dobrich Province. It is located in the historical region of Southern Dobruja. Between 1913 and 1940 it was part of Romania, being its southernmost settlement. Kranevo enjoys high tourist population during summers and two of the reasons are its proximity to Albena (less than half an hour on foot, by walking on the beach) and its clearly lower prices.