Bulgaria economy analysis,Euromonitor International's Future Demographic reports-Ken Research

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Revolution In Bulgaria By 2030 Ken Research
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Research reveals that there will be a decrease in
the population of Bulgaria to 6.4 million
compared to the year 2015. There will be a sharp
decline in the population due to negative natural
changes. All the negative natural changes are
caused due to falling birth rates and high death
rates, plus high rates of evacuation. Urban
residents will decline at a slower speed than the
rural inhabitants. Majority of the Bulgarians
reside in the urban areas and speak the national
language, Bulgarian. The literacy rate in
Bulgaria is 98.6 irrespective of sex. The
educational ethics are traditionally high
compared to the global standards. The state
government provides free education in public
schools. Bulgarian population is guaranteed with
religious freedom. More than three-quarters of
the population belong to Christian community. The
second largest community are the Sunni Muslims
and the rest of the population do not identify
themselves with a specific religion. Bulgarian
health care system is financed by taxes and
contributions. The majority of deceased cases are
related to cardiovascular diseases, neoplasms and
respiratory diseases.
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From 1990s there was a negative population
growth in the state of Bulgaria. The economic
downfall has resulted in long-lasting emigration
wave. The population growth and birth rates are
among the lowest in the world while death rates
are among the highest. Out of the countrys
total labour force 7.1 are employed in
agriculture, 35.2 are employed in industrial
sector and 57.7 are employed in service sector.
Extraction of metals and minerals, petroleum
refining, steel manufacturing, production of
chemicals, machinery and vehicle components are
the major industrial activities. Europes sixth
largest coal producer is Bulgaria. Exports
products include oil, copper, pharmaceuticals,
food products, perfumery oils. Out of all the
service sectors tourism contributes to economic
growth of Bulgaria.
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In 20 years time from now Bulgaria will be far
more comfortable in exploiting its geo-strategic
location. We can anticipate investment of the
thriving Russian-owned companies and an
energy-diversified Bulgaria to be receiving gas
directly from Russia and Azerbaijan. Bulgaria and
Turkey are expected to be the closest of allies.
There will be huge opportunities for Bulgaria,
with a large minority of Bulgarians speaking
Turkish. According to research report Bulgaria
in 2030 The Future Demographic, in 2030,
Bulgaria will have thriving markets globally.
Bulgaria will see itself as an excellent provider
of educational services, and will be recruiting
the next generation of science and technology
academics and professionals to build a
long-standing reputation. Educated young
generation will choose to live and develop their
career in Bulgaria giving a positive option for
those who left to return.
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Bulgaria will be a more transparent country by
2030. Every decision and public contract be
published giving more transparency in the
decision-making process. The Bulgarian citizens
will be able to enquiry items of expenditure and
procurement processes, at national and local
level. Bulgarias regulators will become
universally admired for their independence from
government. This will result in less corruption
and more efficiency. Bulgaria by 2030 will
complete its transition into the digital world.
Most of the businesses will be done online
reducing the risk of corruption. Bulgarian
citizens will demand consumer and expectant
shares in public service provision. Bulgaria will
also establish a genuine Civil Society by 2030
giving power to every citizen the right, to
intervene with government, judiciary and business
showing its positive transformation.
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• Related reports
• Turkmenistan in 2030 The Future Demographic
• The United Kingdom (UK) in 2030 The Future
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