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In-depth Business Intelligence
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Key
Economic Data
| |
2003 |
2002 |
2001 |
Ranking(2003) |
| GDP |
| Millions
of US $ |
19,859 |
15,608 |
13,600 |
69 |
| |
|
|
|
|
| GNI
per capita |
| US
$ |
2,130 |
1,790 |
1,650 |
106 |
| Ranking
is given out of 208 nations - (data from the World Bank) |
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Books on Bulgaria

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Update No: 129 - (28/02/08)
Reform of political system required
A consensus is emerging in Bulgaria that a reform of its political system is
overdue. The present system was cobbled together in a hurry in 1989 when
everyone was overcome by the manner that communism collapsed overnight
throughout Central Europe and shortly Eastern Europe.
The parliamentary group of the rightist United Democratic Forces (UDF) coalition
invited all parties represented in parliament to consultations on February 7
regarding changes to the electoral laws.
"The political model in the country is seriously flawed and this was
evident from the last local elections. That is why we need changes to the
electoral system", stated Nadezhda Mihailova, a former leader of the Union
of Democratic Forces, which is the leading party in the UDF coalition. She
stressed that as early as 2003 the UDF proposed decreasing the number of the MPs
(currently 240) and increased majority rule in order to make the deputies more
accountable to the voters.
Bulgaria's President Georgi Purvanov and former leader of the Bulgarian
Socialist Party (BSP) presented to the public ideas for electoral reform at a
press conference. On January 29 the leadership of the BSP went on to create an
experts' group to craft a package of legislative reforms. When asked if the
Union of Democratic Forces agrees with President Purvanov's proposal for a mixed
electoral system, Mihailova said "Apparently he agrees with us, which is a
good thing."
The leader of the rightist Democrats for Strong Bulgaria and former PM in
1997-2001, Ivan Kostov, also declared that the political parties need to debate
on the political system in order to reform it.
Most political parties stated that the ideas for electoral reform are not new,
and that they are ready to discuss them. Representatives from all political
parties were present at the meeting on February 7.
*******
The European Commission has warned Romania and Bulgaria they must do more to
tackle high-level corruption.
Both countries joined the European Union in 2007 and were threatened with
penalties if they failed to reform their justice systems. An interim report says
that so far neither has shown convincing results.
A spokesman said that 10 important corruption cases in Romania had been delayed
and some of the cases had been compromised because of procedure. He said that
public confidence in the ability to deal with high-level corruption had to be
strengthened.
Last December, Romania's Justice Minister Tudor Chiuariu resigned after eight
months in the job because of an investigation for alleged corruption. He denied
wrongdoing.
The European Commission's report sees as positive the work of Romania's National
Anti-Corruption Directorate (DNA).
It says the DNA has requested permission to start criminal investigations into
eight serving or former ministers and has begun investigations into appointments
of senior prosecutors.
Organised crime
Apart from high-level corruption, Bulgaria is told to work harder to tackle
organised crime.
In its last report the commission singled out the problem of contract killings.
Now it says that from a sample of 10 high-profile cases of organised crime
between 2000 and 2007, only one has been completed. But it adds that there does
appear to have been a positive trend in recent months.
Commission spokesman Mark Gray said Bulgaria needed to establish a better track
record in investigation, prosecution and judgement of organised crime and
corruption.
Final reports will be issued on both countries later this year, and the EU has
the power to impose legal sanctions if it is unhappy with progress.
Mr Gray described the situation in footballing terms.
"We've had quite a poor first half, we expect a much better second half.
None of us wants to see extra time or penalties and that's why we expect the two
governments to improve in the second half."
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