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Bulgaria , a former communist country, has experienced macroeconomic stability and strong growth since a major economic downturn in 1996 led to the fall of the then socialist government. Consequently, the government began a process of reform, moving the country towards political democracy and a market economy.
The country has seen low inflation and stable progress on structural reforms and, since 2000, Bulgaria has averaged a 4% growth and has begun to attract significant amounts of foreign direct investment.
Bulgaria joined NATO in 2004 and future prospects rest with greater integration into EU’s economic structures with the country achieving accession to the EU in January 2007.
Country Overview | Economic Outlook | Developments | Register
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