Escaping the Stigma: Bulgaria's Bid to Shed Its 'Poorest' EU Status

Bulgaria is on the brink of shedding its label as the "poorest" country in the European Union, with recent data revealing a promising trajectory towards economic convergence. Amidst discussions about Bulgaria's economic status within the EU, a closer examination of key indicators suggests a notable shift in the country's positioning.

One of the pivotal metrics indicating Bulgaria's progress is the gross domestic product (GDP) per capita at purchasing power parity (PPP), which reached 64% of the average European level in 2023....