| Republic of Bulgaria Република България | |
|---|---|
 Flag
 Coat of arms
| |
Motto: Съединението прави силата "Unity makes strength" | |
Anthem: Мила Родино | |
 | |
| Dominant mode of production | Capitalism |
| Government | Unitary parliamentary republic |
• President | Rumen Radev |
• Vice President | Iliana Iotova |
• Prime Minister | Kiril Petkov Petkov |
| Area | |
• Total | 110,993.6 km² |
| Population | |
• 2021 estimate | 6,875,040 |
Bulgaria, officially the Republic of Bulgaria, is a country in the Balkans. Since capitalism was restored in 1990, 57% of Bulgarians say the economy has become worse[1] and less than 12% say ordinary people are better off.[2]
History
Restoration of capitalism
After the overthrow of socialism in the early 1990's, poverty rates in Bulgaria increased by 750%.[3] 20% of the population left the country and birth rates dropped to their lowest point since 1945. Almost half of Bulgarians were at risk of poverty or social exclusion in 2011.[2]
References
- ↑ Richard Wike, et al. (2019-10-14). "Political and economic changes since the fall of communism" Pew Research Center. Retrieved 2022-02-17.
- ↑ 2.0 2.1 F.S. (2013-10-02). "An experiment in living socialism: Bulgaria then and now" Political Affairs. Archived from the original on 2022-06-18. Retrieved 2022-06-27.
- ↑ Branko Milanovic (1998). Income, Inequality and Poverty during the Transition from Planned to Market Economy. [PDF] Washington, D.C.: World Bank.