Bulgaria: Ten years of European membership and unsatisfying economic results

The purpose of the study is to describe and analyse the reasons for Bulgaria’s economic recession and external indebtedness under the operation of the centrally- planed model, the sharp financial, micro and macroeconomic crises during the years of restructuring and transition toward market- based economy. The report’s objectives are to examine the state’s post- transition, open- market reform actions for full European Union membership and the current objective reality, more than ten years after the country’s accession in the single- market economic union. The thesis is divided into two main chapters, covering an academic theoretical framework of the principles of macroeconomics and an empirical, research one, providing in- depth analysis of the rationale behind Bulgaria’s poor economic performance, reflected in various of indicators