MACROECONOMIC STATE OF BULGARIA AND PROSPECTS FOR DEVELOPMENT OF BULGARIAN ECONOMY Cover Image

ОБЗОР НА МАКРОИКОНОМИЧЕСКОТО СЪСТОЯНИЕ НА БЪЛГАРИЯ И ПЕРСПЕКТИВИ ЗА РАЗВИТИЕ НА БЪЛГАРСКАТА ИКОНОМИКА
MACROECONOMIC STATE OF BULGARIA AND PROSPECTS FOR DEVELOPMENT OF BULGARIAN ECONOMY

Author(s): Petya Vasileva
Subject(s): Economy
Published by: Стопанска академия »Д. А. Ценов«
Keywords: development of financial markets;infrastructure;macroeconomic environment;innovation

Summary/Abstract: Bulgaria has managed to reduce the deficit as required according to the excessive deficit procedure and is carrying out a substantial reform aimed at raising the statutory retirement age for both men and women. Despite the progress made by the Government in fulfilling its reform programme, the main challenges facing the country’s policy have remained largely unchanged. Due to the constant increase in unemployment there should be more active reorientation of the active employment policy in order to improve employability. The low educational achievement shows that the provision of quality education faces significant structural barriers. Sustainability and adequacy of the pension system are still not fully guaranteed. The quality of public expenditure, the tax system efficiency and the business environment are suboptimal. Bulgaria is largely dependent on imported energy and its energy market is not fully operational.

  • Issue Year: 18/2012
  • Issue No: 18
  • Page Range: 229-241
  • Page Count: 12
  • Language: Bulgarian