Bulgaria - Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Monetary and Financial Policy Transparency, Banking Supervision, Securities Regulation, Insurance Regulation, and Payment S (Electronic book text)

1. In 2008, Bulgaria's economy continued to perform well, helped by strong policies. GDP growth is likely to have reached 6 percent-one of the highest growth rates in Europe. Fiscal policy continued to be prudent, with another surplus of 3 percent of GDP. Banking sector supervision and regulation remained strong, reacting pro-actively to the global financial turmoil.