Bulgaria has come a long way from its turbulent political and economic transition in the 1990s to becoming a member of the European Union in January 2007. Today, it is an upper middle-income economy of 7.3 million people with a per capita income of $6,870. (GNI per capita, 2012.)
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Since Bulgaria joined the World Bank in 1990, it has received approximately $4 billion in lending to support reforms in areas such as banking, revenue administration, health, social welfare, environmental protection, general manufacturing, agribusiness, and infrastructure.