Bulgaria

The post-Communist economy continued to be heavily dependent onmoney-losing state enterprises, although the growing private sectornow accounts for about 45 percent of economic activity, and privatizationis accelerating. Most people are employed in the industrial andservice sectors; key industries include food processing, chemicaland oil processing, metallurgy, and energy. Principal exportsare agricultural products, cigarettes and tobacco, chemicals,and metal products. The transformation of the economy to a market-orientedsystem was retarded by continued political and social resistance.Slow progress in the privatization of the large Communist-erastate enterprises was a major reason for economic stagnation in1996. The failure to implement structural reforms led to an economiccollapse in 1996 and early 1997. The financial system stabilizedafter a brief hyperinflationary period after the switch to a caretakergovernment, but gross domestic product continued to decline throughmost of the yea ... [Read More]

Immigrant Visas Issued to Orphans Coming to U.S.

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Bulgaria (06/05)
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Bulgaria
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V. Country Narratives -- Countries A through G
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Bulgaria

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