Bulgaria became a member of the EU in 2007, a year before the start of the Great Recession. Despite this unfortunate timing, the country has benefited significantly from EU membership – its GDP per capita has reached around 50 per cent of the EU average (from 25 per cent in 2000), and its economy has weathered the global downturn relatively well. Ten years after accession, the eurozone is finally picking up strongly again. The Bulgarian economy is responding well: GDP grew by close to 4 per cent in 2017. Yet, the country has not taken full advantage of the opportunities …read more
Source: Emerging Europe
