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Kalin Koev lives in Santander. He is a poet, photographer and translator from Spanish and Portuguese to Bulgarian and vice verse. His paper analyses two methods of literary translations. The first method tries to carry away one cultural reality into another and here the paraphrase is inevitable. In this respect the article considers St. Jerome’s, St. Cyril’s and Martin Luther’s translations of the Bible which broaden the borders of translation as a cultural phenomenon and gives a beginning of new cultural realities and processes. The second method aims to achieve literal transferring of the original text. The most famous examples illustrating this mode of translation are Nabokov’s translation of Eugene Onegin and Francis William Newman’s translation of the Iliad which are very skeptically accepted by the readers. The paper states the hypothesis that the translation has to adapt one cultural reality into another and sometimes the translation is better than the original.