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WHY BULGARIA WAS THE CLOSEST ALLY OF THE USSR IN THE TIME OF SOCIALISM

Bancho Banov ()
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Bancho Banov: Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski

Yearbook of the Faculty of Economics and Business Administration, Sofia University, 2018, vol. 15, issue 1, 29-40

Abstract: In the times of socislism in Bulgaria:1944 – 1989, and more specifically after 1960 Bulgaria was the closest ally of the USSR. The western press called Bulgaria “The nearest satellite of the Soviet Union”. Were these closest relations of all socialist countries between Bulgaria and USSR random? The facts and the analyses show that behind closest relations hides a strive of Bulgaria for economic benefits from Soviet Union. Which in fact Bulgaria received in exchange for her loyalty.

Keywords: socialism; loyalty with economic benefits; public debt; international relations; international economic co-operation. (search for similar items in EconPapers)
Date: 2018
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