Bulgaria confirms candidacy for OECD membership

In a letter to the Secretary-General of the Organization for Economic Cooperation and Development (OECD), Jose Angel Gurría, the Bulgarian Prime Minister Boyko Borisov stated that Bulgaria confirms its candidacy for full membership.

The letter was delivered by the country’s ambassador to France, Marin Raykov. He highlighted Bulgaria’s macro-economic stability and fiscal discipline and added: ‘membership of the OECD contributes to predictability and confidence, which are important factors for attracting foreign investors’.

In his opinion, joining the organisation was not a single act but a process which meant that Bulgaria should strengthen its ties with the structures of the OECD and benefit from the mutual collaboration.

The authorities in Sofia believe that the country’s OECD membership will increase confidence in the Bulgarian economy among the international financial community and investors. Moreover, they consider that it will also strengthen the role of Bulgaria in South Eastern Europe, as a recognised economy that participates actively in the formulation of policies and the implementation of best practices at regional level.

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