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Bulgaria: Still Fighting Minimal Growth and Weak Economy

Politics ♦ Published: March 6, 2013; 19:13 ♦ (Vindobona)

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The Balkan country has the lowest living standards in the EU and the population’s frustration over its failure to improve the economic situation led to mass protests.

Bulgaria: Still Fighting Minimal Growth and Weak Economy / Picture: © Vindobona.org

Although Bulgaria´s rightist government has resigned en masse, the protests are continuing. The reason is the unfavorable economic situation. 23 years after the Iron Curtain fell and almost 9 years after the EU accession, Bulgarians do not sense much progress. Bulgaria´s unemployment quota is high, the purchasing power remains low and the economic growth is next to nothing with 0.8 %…