Bulgaria: Economy to Stabilize

Politics ♦ Published: February 28, 2013; 19:50 ♦ (Vindobona)

Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.

Bulgaria: Economy to Stabilize / Picture: © Vindobona.org

According to the EU Commission, Bulgaria´s economic situation will improve slightly this year. After a decent GDP growth rate of 0.8%, the expected growth rate comes at 1.4% this year.

As the country records a low debt-to GDP quota, the EU Commission argues that Bulgaria can afford a partial departure from its strict austerity course. Due to the tense situation, an increase in…