Bulgaria: Selected Issues and Statistical Appendix
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Summary:
This paper discusses Bulgaria’s prospects for converging to the living standards of the more advanced members of the European Union (EU). The unfavorable economic environment of the early 1990s and the economic crisis in 1996–97 hurt Bulgaria’s output, employment, and investment. Following the crisis, structural reforms and a sound macroeconomic framework set the stage for a sustained recovery. The structure of the Bulgaria economy has shifted markedly over the last decade, and investment has become the main engine of growth.
Series:
Country Report No. 2006/299
Subject:
Balance of payments Banking Commercial banks Currencies Current account deficits External debt Financial institutions Financial sector policy and analysis Money Stress testing
English
Publication Date:
August 8, 2006
ISBN/ISSN:
9781451804553/1934-7685
Stock No:
1BGREA2006003
Pages:
148
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