European Commission Expects Rapid Growth in Central and Eastern Europe for 2018

The European Commission reported the positive economic trends seen in the Central and Eastern European regions of the EU. 7 out of the 10 countries expected to have the highest economic growth in 2018 are from Central and Eastern Europe.

Capital.bg wrote on the issue of mistaking economic growth with a political one. The major issue in Eastern Europe, including Bulgaria, remains tied to political corruption. It's also important to remind that the less developed countries of the EU have a lot more room to grow than their already economically advanced counterparts in the West.

Another factor of that financial improvement is the subsidies that the EU puts into Central and Eastern Europe. About half of Poland’s economic growth for the period 2014-2017 is due to the financial assistance from EU policies.

According to the prognosis of the European Commission for 2018, Romania leads the pack with 4.4% GDP growth, followed by Slovenia at 4%, Poland, and Bulgaria at 3.8% and Hungary – 3.6%. 

Currently, Bulgaria has the presidency of the EU, and the Prime Minister Boyko Borisov has been very active in trying to utilize it. The government recently approved an extra 25 million leva budget for the EU Presidency.

 

Alex Dimchev

Alex Dimchev is a writer, editor, and weapons master for EUscoop.com

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