Bulgaria

Bulgaria Public Finance Review 2023

Desislava Nikolova,  Collette Mari Wheeler,  Brian Erard, Monica Robayo,  Maynor Cabrera, Evan Harold Blecher, Mihaly Fazekas, Bence Tóth, Zdravko Veljanov, Viktoriia Poltoratskaia, et al. (2023) World Bank. 2023. Bulgaria Public Finance Review 2023. Washington, DC: World Bank

Bulgaria has traditionally adhered to fiscal discipline and prudent fiscal policy since the introduction of its currency board arrangement in mid-1997. After a gradual decline in the 2000s, public debt has remained among the lowest in the European Union (EU), hovering in a …

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Corruption Risks and State Capture in Bulgarian Public Procurement

Fazekas, M.; Poltoratskaia, V.; Tóth, B. (2023). Corruption Risks and State Capture in Bulgarian Public Procurement (English). Policy Research working paper; no. WPS 10444 Washington, D.C.: World Bank Group.

This paper sets out to measure and analyze corruption risks, patterns of favoritism, and state capture in public procurement in Bulgaria. It draws on two main types of data: large-scale administrative data on public procurement and the list of politically exposed persons. The analysis rests on calculating individual corruption risk …

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Bulgaria Country Economic Memorandum : A Path to High Income

Desislava Nikolova, Mihaly Fazekas, Bence Tóth, Viktoriia Poltoratskaia, Marc Schiffbauer, et al. (2023) Bulgaria; Country Economic Memorandum : A Path to High Income (English). Washington, D.C. : World Bank Group.

Bulgaria has followed sound macroeconomic policy in recent years and has weathered the Covid-19 economic crisis relatively well. The country embarked on a thorough transformation to a functioning market economy in the run-up to European Union (EU) membership in 2007 which, since 2018, has been followed by a firm course …

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