Bulgaria uses as an example of the Eastern European countries with economies in transition. The basic facts about the country and the economic development of the communist years. Similar to the problems of the first years of transition and the financial crisis in 1997, focusing on issues common to the countries of Eastern Europe - the high social cost of reform, according to the central bank, hyperinflation and currency devaluation. Also looks at the currency board arrangement, its success (macroeconomic stability and improve the image of the country to international investors) and issues (social costs due to the sharp reduction in the budget deficit and the high current account deficit due to the real appreciation of the Bulgarian lev). Discussion of trade and competitiveness of the Bulgarian economy, and the economy in 2004. And, finally, provides an overview of the process of accession to the EU in 2007 can be assumed that the date of entry in Bulgaria? What new challenges will face the country after accession? "Hide
by Jordi Gual, M. Stroumina Source: IESE 27 pages. Publication Date: April 21, 2005. Prod. #: IES096-PDF-ENG
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