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FT: Bulgaria and Romania did not pass economic tests to join the Eurozone.
The ECB described the economies of the countries as vulnerable to corruption, suffering from inflation, and weak.
Bulgaria ranks 63rd in the GDP per capita list based on purchasing power parity (PPP), while Romania is at 47th place. 🇧🇬🇷🇴
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4 Comments-
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correct! our country also suffers from inflation
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What is the main reason?
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every year inflation in developed countries is about 7%, but in uzb it is higher than 10% and it keeps rising every month. main reason for this is crisis on manufacturing and reproducing
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It looks like Bulgaria and Romania had a hard time meeting the economic standards to join the Eurozone. They need to tackle issues like corruption, inflation, and economic weaknesses. Their spots in the GDP per capita rankings show that there’s a big gap in economic development in the region. It’s crucial for them to make some changes to boost their economies if they want to get closer to joining the Eurozone.