EC Places Bulgaria in 'Gray List' over Economic Risks

Bulgaria has been included by the European Commission in a new "gray list" representing the bloc's economically and socially vulnerable states.

The UK, France, Belgium and Slovenia accompany the Balkan country in the abovementioned list, the Bulgarian Telegraph Agency has informed.

The European Commission has also made a "black" list of economically and socially most vulnerable EU countries.

The four countries where the situation is seen as critical are Italy, Spain, Hungary and Cyprus.

The lists are based on key economic indicators, including the government assets, the macroeconomic situation and the pace of its development, the cost of labour power and social guarantees.

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