Bulgaria:Key notes from our recent trip to Sofia: March 17th- 18th | Eurobank
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Bulgaria:Key notes from our recent trip to Sofia: March 17th- 18th

Earlier in last month, we traveled to Sofia where we met with high-level officials from the Finance Ministry, the IMF, think tanks as well as market participants from the domestic financial sector. Eurobank research expects now 3.2% GDP growth in 2011, with risks to the latter forecast remaining skewed to the downside. The government remains firmly committed to swift euro adoption, despite the lingering EMU sovereign debt crisis. Besides facilitating nominal convergence, Bulgaria also needs to emphasize real convergence by pushing ahead with ambitious structural reforms.