European Economy. Enlargement Papers
The financial sector in Bulgaria(458 kB)
(European Economy. Enlargement Papers. 18. September 2003.
Brussels. 90pp. Tab. Ann. Free.)
KC-AA-03-018-EN-C ISBN: 92-894-5096-7 ISSN: 1608-9022
Bulgaria has a small and as yet underdeveloped financial sector. Since the severe economic and banking crisis of 1996 and early 1997, Bulgaria has made a determined effort to restructure its financial sector through privatisation, the opening of the economy to foreign competition and the strengthening of the regulatory and supervisory legal framework.