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IMF: Bulgaria May Reach European Standards in 40 Years

Published: February 4, 2014; 18:33 · (Vindobona)

According to the International Monetary Fund, the poorest EU member faces a long transition period.

IMF: Bulgaria May Reach European Standards in 40 Years / Picture: © Flickr

The IMF stressed that Bulgaria´s economy primarily suffers from nepotism and corruption. As a result, Bulgaria´s attractiveness as business location will remain poor without improving the legal and political frame conditions.

What is more, the Bulgarian government mainly has focused on fiscal issues in the past few years, the IMF explained. However, the fiscal discipline is…

This article includes a total of 114 words.

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