Bulgaria and prospects for their evolution over the medium term. The paper argues that low saving rates largely reflect the …

This paper reviews economic developments in Bulgaria during 1990–97. Bulgaria’s macroeconomic performance during 1990 … years, the cumulative fall in real output over this period amounted to 37 percent. Although Bulgaria’s difficult initial …

This paper examines Bulgaria’s 2004 Article IV Consultation and Ex Post Assessment of Longer-Term Program Engagement …

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 … stage for a sustained recovery. The structure of the Bulgaria economy has shifted markedly over the last decade, and …

This Selected Issues paper for Bulgaria highlights that the rapid credit expansion has not raised significant financial …

The current account deficit in Bulgaria, which doubled in 2005 to 11.8 percent of GDP, deteriorated further to 14 …

Bulgaria’s request for a 25-month precautionary Stand-By Arrangement (SBA) in an amount of SDR 100 million or 15 …

This 2007 Article IV Consultation highlights that Bulgaria’s large external imbalance has continued to widen. Driven by …

This paper reviews economic developments in Bulgaria during 1990–95. In 1993, GDP continued to contract, albeit more …. The adoption of restrictive fiscal and incomes policies in 1994 enabled Bulgaria to retain the gains in external …

This Selected Issues paper on Bulgaria investigates possible driving forces behind the investment boom based on cross …-country evidence. The diagnosis of the drivers behind the investment boom is important as it is key to assessing Bulgaria’s economic … investment boom reflects to a large extent a one-off reassessment of Bulgaria’s riskiness as an investment location. The paper …