Bulgaria is a developing, industrialised high-income country according to the World Bank, [28] and is a member of the European Union (EU), the World Trade Organization (WTO), the Organization for Security and Co-operation in Europe (OSCE) and the Organization of the Black Sea Economic Cooperation (BSEC).

Oct 23, 2024 · Bulgaria has undergone a significant transformation over the past three decades. It has moved from a highly centralized, planned economy to an open, market-based, and as of July 1, 2024, a high-income economy securely anchored in the European Union (EU).

Jan 16, 2025 · By the beginning of the 21st century, with the government aggressively privatizing state-run industries, the restructured Bulgarian economy had markedly improved (aided in 2007 by the country’s ascent to full membership in the EU). GDP increased at an average annual rate of more than 4 percent during the first decade of the new century.

Bulgaria has undergone a significant transformation over the past three decades. It has transformed from a highly centralized, planned economy to an open, market-based, upper-middle-income economy securely anchored in the EU. How can Bulgaria make the most of …

Jan 16, 2025 · The snapshot offers a concise summary of Bulgaria's economic trends and prospects, drawing from the OECD Economic Survey, Economic Outlook, and Economic Policy Reform: Going for Growth reports, delivering in-depth analyses of economic trends, suggested policy recommendations, alongside an overview of structural policy developments.

Bulgaria Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.

Jan 20, 2025 · Bulgaria - Finance, Economy, Trade: Until the reform movement of the late 1980s, the Bulgarian economy was based solely on state ownership of all means of production. In the early 1990s Bulgaria began a process of transition toward a market-oriented economy.

Want to get insight on the economic outlook for Bulgaria in the coming years? FocusEconomics collects projections out to 2034 on 54 economic indicators for Bulgaria from a panel of 25 analysts at the leading national, regional and global forecast institutions.

Explore Bulgaria economic data on Prosperity Data360.

The country’s economic system combines elements of a market economy and a planned economy. In Bulgaria, the economy comprises a private sector, consisting of individuals and businesses that make autonomous decisions based on self-interest, and a public sector, where the state determines the production and distribution of specific goods and ...