Economic Development and Policies in Bulgaria 2025: Evaluations and Prospects. Focus: Fundamental Factors of Price Formation in the Bulgarian Economy

Dimitar Zlatinov, Victor Yotzov, Grigor Sariiski, Stela Raleva, Iana Paliova, Yordan Dimitrov, Daniela Bobeva-Filipova, Emil Panushev, Spartak Keremidchiev, Nedialko Nestorov and Atanas Pavlov
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Dimitar Zlatinov: Economic Research Institute at BAS, Bulgaria
Victor Yotzov: Economic Research Institute at BAS, Bulgaria
Grigor Sariiski: Economic Research Institute at BAS, Bulgaria
Stela Raleva: Economic Research Institute at BAS, Bulgaria
Iana Paliova: Economic Research Institute at BAS, Bulgaria
Yordan Dimitrov: Economic Research Institute at BAS, Bulgaria
Daniela Bobeva-Filipova: Economic Research Institute at BAS, Bulgaria
Emil Panushev: Economic Research Institute at BAS, Bulgaria
Spartak Keremidchiev: Economic Research Institute at BAS, Bulgaria
Nedialko Nestorov: Economic Research Institute at BAS, Bulgaria
Atanas Pavlov: Economic Research Institute at BAS, Bulgaria

in ERI-BAS Books from Bulgarian Academy of Sciences - Economic Research Institute

Abstract: The Annual Report of the Economic Research Institute at the Bulgarian Academy of Sciences (ERI-BAS), Economic Development and Policies in Bulgaria 2026: Assessments and Expectations, offers a comprehensive reading of the Bulgarian economy in the context of the accession to the euro area. The report highlights the sustained but incomplete income convergence with the EU, the domestic nature of inflationary pressures, labour market constraints, and the lag in labour productivity as key obstacles to achieving sustainable economic growth. Special attention is devoted to fiscal and external sustainability, the risks of financing current expenditures through government debt, the need to pursue a restrictive fiscal policy, the stability of the banking sector, and the systemic tensions related to credit growth and the housing market. The report defends the thesis that euro area membership and the successful exit from the currency board arrangements are important institutional achievements, but they cannot by themselves accelerate economic development without investment, technological modernisation, and higher productivity. An original contribution is the development of a Production Factor Price Index, which traces the relationship between factor costs, producer prices, and consumer prices.

Date: 2026
ISBN: 978-954-9313-36-9 (soft cover)
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Persistent link: https://EconPapers.repec.org/RePEc:bas:ecbook:62:p:1-160

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