The narratives that surround the past and present economic state of Bulgaria are not unfamiliar ones. The transition to a liberal market economy culminated in complete economic collapse. From 1996 – 1997 Bulgaria experienced a period of instability and hyper-inflation.
The establishment of a fixed exchange rate for the Bulgarian currency and the nation’s entry into the European Union, has since stimulated macroeconomic growth. But Bulgaria remained one of the poorest member states of
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