What Follows after Economic Peak Reached in 2016?

Bulgarian economy in 2016 has performed as a true champion – with 3 percent of GDP growth it placed second in the EU when this indicator is concerned. More than one billion euros more in comparison to the previous year went to the treasury, while the Ministry of Finance registered a surplus in the state budget. The number of foreign tourists reached 10 million and exceeded the population of the country almost twofold. There are a number of other positive facts such as the substantial increase in wages of the poorest Europeans as in Sofia they even tied to average European levels.

All this speaks about good economic health and about positive effects of the growth felt by ordinary citizens. Another important fact that should be pointed out is that the economic growth had taken place amid previously stable political and social environment. Until November the second government of GERB and its often unpredictable coalition partners ruled quietly and without much tension. Even the refugee crisis was skilfully avoided and prevented by Bulgaria as it turned out that just like its place on the periphery of Europe, Bulgaria managed to stay away from mass migration flows and away from the main targets of the terrorists.

 

 

BNR