Bulgarian contribution to the economics of the European Union

Sabrina Kalinkova
Additional contact information
Sabrina Kalinkova: University of National and World Economy

University Economic Bulletin, 2023, issue 56, 61-65

Abstract: Bulgaria, as one of the youngest members of the European Union (EU), has made significant contributions to the economic development of the Union. Since joining the European Union in 2007, Bulgaria has undergone a series of economic reforms and has shown impressive growth rates, which have had positive effects on the European Union's economy. The country's strategic location, low-cost labour force, and relatively low corporate tax rates have made it an attractive destination for foreign investors, leading to increased trade and investment flows between Bulgaria and other European Union member states. Bulgaria has also played an active role in the European Union's efforts to deepen economic integration and promote the digital single market. However, the country still faces challenges related to corruption, governance, and demographic trends that need to be addressed to ensure sustainable growth and to fully realize its potential in the European Union's economy.

Keywords: Bulgarian contribution; total product; European Union’s economy (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://economic-bulletin.com/index.php/journal/article/view/949/935 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aff:colart:y:2023:i:56:p:61-65

DOI: 10.31470/2306-546X-2023-56-61-65

Access Statistics for this article

University Economic Bulletin is currently edited by Tetiana Rybakova

More articles in University Economic Bulletin from Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education Contact information at EDIRC.
Bibliographic data for series maintained by Svitlana Kucherenko ().