Bulgaria Country Snapshot


EIU

Bulgaria - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: In the aftermath of a resounding victory in the parliamentary election in July 2009, the centre-right CEDB has set out to govern alone, despite lacking a majority in parliament (the CEDB won 116 out of 240 seats). This presents some risk to political stability, although the prime minister and CEDB leader, Boiko Borisov--who until now was the mayor of the capital, Sofia--feels that this is the most effective path and hopes that the other centre-right and right-wing parties in parliament (Ataka; the Blue Coalition; and the Law, Justice and Order Party) will provide the CEDB with parliamentary support. If this arrangement were to prove unworkable, Mr Borisov thinks that the CEDB could win even more seats in a new election.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) 6.60 -4.70 1.60
Consumer Price Inflation (av;%) 12.35 2.70 2.00
Budget Balance (% of GDP) 3.00 -1.30 .30
Current-Account Balance (% of GDP) -25.20 -12.10 -9.90
Exchange Rate US$:Euro (av) 1.33 1.40 1.37
Exchange Rate US$:Euro(year-end) 1.39 1.32 1.41

Bulgaria GDP PPP & GDP Growth Rates
2004 - 2008
Bulgaria GDP Growth Rate Chart

Year GDP in Billions of USD PPP % GDP Growth
2004 65.86 7.35
2005 72.20 6.98
2006 79.26 7.02
2007 86.56 6.86
2008 93.73 6.60
Source: EIU Country Data

Bulgaria: risk assessment
Risk November 2009
Sovereign risk BB
Currency risk B
Banking sector risk B
Political risk BBB
Economic structure risk BB
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