Bulgaria works to become the 39th member of OECD by 2027

Bulgaria hopes to become a member of the Organisation for Economic Co-operation and Development (OECD) in 2027 and successfully complete the accession by the end of 2026, the organization's Secretary-General Mathias Cormann said in Sofia. He pointed out that the country faces serious challenges related to demographic processes, the pension system and poverty, but also highlighted significant progress.

At the presentation of the OECD report for 2025, it was noted that incomes in the country were gradually approaching those in developed economies, but the gap in productivity was significant. Growth is supported by stable private and public consumption, based on wage growth and low interest rates, the report shows. Prime Minister Rosen Zhelyazkov pointed out that Bulgaria traditionally achieves its strategic goals even in crisis conditions. Negotiations with the OECD on 11 criteria have been closed and the remaining 7 are expected to be completed in 2026, the outgoing prime minister added.

Editor: Ivo Ivanov
Photo: BTA