Economic Effects of the Membership of the Republic of Bulgaria in the European Union

Abstract

This article discusses issues related to the overall effect of Bulgaria’s accession to and membership in the European Union. The authors analyse the influence as a positive one since it has provided the opportunity for the Bulgarian nation and economy to be involved in a complex economic and legal system regulations as well as an adjustment mechanism. The price for this was paid at every level of the Bulgarian society - the closing of ineffective enterprises, business and public institutions, the loss of jobs and the adjustment of the workforce to unfavourable labour market conditions.