How is the political situation in Bulgaria?
Answer 19: Since 1996, Bulgaria has experienced macroeconomic stability and positive growth rates (due in part, to the introduction of a currency board in 1997) and it exists under what is now a stable parliamentary democracy, with a majority in parliament and public consensus on key social and economic priorities. Bulgaria demonstrates economic growth at 4.5% (one of the highest in Europe), annual inflation at 3.8% and strong growth figures in the tourism industry (up to10% for 2002 compared to 2001). It boasts low rates of taxation across the board and has one of the lowest cost centers in Europe, though the workforce is highly skilled and qualified. The currency is the Bulgarian Lev (1 Euro = 1.95 Lev).The country is a member of NATO in November 2003. The European Union is expected to be granted in 2007.
A19: Bulgaria is a former communist country now striving to enter NATO in November 2003 and the European Union, which is expected to be granted in 2007. The results from the last elections (25.06.2005) are: Coalition for Bulgaria 34.17%, SIINM 22.08%, MRF 14.17%, Attack 8.75%, UtDF 8.33%, DSB 7.08%, BPU 5.
