Launch of a World Bank Report.
Bulgaria is undergoing a profound socio-economic transformation brought about by extraordinary demographic change. It is heading for the steepest decline in working-age population in the world. By 2050, one in three Bulgarians is projected to be older than 65 and only one in two Bulgarians will be of working age. As more and more workers exit the workforce and fewer Bulgarians replace them, the need to implement broad-based reforms today, in order to help the country avert potential challenges tomorrow, continues to intensify.