Economic Effects in Bulgaria within Integration in European Union

Abstract

The wide interest, application and membership of Bulgaria in European Union (EU) enable to study the economic effects in general terms. In our study we are going to analyze the economic cooperation of Bulgaria before and after membership in EU. We will discuss whether economic cooperation between Bulgaria and EU members increased or decreased after EU membership. This article provides a comprehensive and contemporary comparative analysis of the economic performance, the economic structure and the trade relations between Bulgaria and EU countries, allowing us to detect basic trends and developments. We will compare the economic performance of Bulgaria and other EU members, looking at aggregate figures from integration in EU such as foreign trade, Foreign Direct Investment (FDI), Gross Domestic Product (GDP) and its structure, level of structural unemployment and employment, inflation and level of income.