Bulgaria and the European Union
Category: Politics | Type: Essay | Style: APA | Level: Master | Pages: 9
Bulgaria in 2007 was welcomed by European Union as its new satelite. Todays atributes of this organization are democracy, negotiation, and collective decision-making so this gives wide opportunity for Bulgaria. With opening of EU markets Bulgarian economy will have a chance for quick and success growth. Phare provided huge sum of money into Bulgaria as compensaation for dismantle and close the Kozloduv nuclear power plant. But still like other former member of Soviet block Romania, Bulgaria has some difficult problems like crime and corruption.
... there will be higher chances of buying more commodities. Consequently, there will be higher inflation if money looses purchasing power. This is what has been happening over the past two years due to the reasons mentioned above. It should however be noted that inflation rate has not been that bad in comparison to what other countries in the European Union have. Unemployment Unemployment in Ireland has always been relatively low in this decade. During the years 2005 and 2006, the percentage was about 4.3. Presently, the levels are still near that figure but have increased slightly to about four point five percentage. The reason for this slight increase in percentages could be because of the ... View details
Running head: Foreign direct investments in Bulgaria Foreign Direct Investments in Bulgaria Analysis and Conclusions Abstract The Republic of Bulgaria is one of the fastest growing developing countries in Europe. A NATO member since 2004, it aims to join the European Union by January 2007. The country's transformation from a communist country to a parliamentary democracy in 1990 attracted foreign direct investments to the country, encouraged by political and economic reforms. However, as the deadline for entry to the EU gets closer, Bulgaria is encountering difficulties due to graft, corruption, organised crime, and bureaucratic inefficiency that threaten to delay the country ... View details