Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country periodic review announced by the international credit rating agency Moody’s Ratings.
The small size of the Bulgarian economy is partially offset by relatively high income levels, However, population aging and weak infrastructure continue to be structural economic weaknesses, the review notes, quoted by BTA. Despite progress since the beginning of the year, Bulgaria continues to lag behind most EU countries in implementing the National Recovery and Resilience Plan, the analysis emphasizes. Regarding economic growth, Moody’s expects it will remain supported by strong private consumption.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: Reuters
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