How do Romania and Bulgaria compare economically & culturally?

Bulgaria is heavily reliant on energy imports from Russia, a potential vulnerability, and is a participant in EU-backed efforts to diversify regional natural gas supplies. read more

Romania has a GDP per capita of 9499 USD while Bulgaria has 7499 USD. That doesn't reflect the reality though, there is a grey economy in both countries where people don't declare their full income so that taxes are not paid. read more

In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. read more

The level of corruption is high in Bulgaria, and for this reason Romania was separated of same monitoring level with Bulgaria. Tax system is also preferred in Romania recently. Bulgaria have advantage with 10% corporate tax too but with more regulation do procedures for legislation too long and comprehensive. read more