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The present dissertation titled as “The economic performance and development of Bulgaria in terms of competitiveness (GCI) and easy of doing business (EDB) in comparison with European Union and the countries of Black Sea region” was worked out in the frames of the curriculum of postgraduate studies as a part of the “MA program in Black Sea Cultural Studies”, in the School of Humanities, of the International Hellenic University during the academic year 2010-2011. The Master's dissertation aims to apply a certain methodology and approach in the analysis of the economic development of Bulgaria and to demonstrate reasonably original research. More analytically, the master thesis conducts a thorough comparative method, through a series of annual reports, by using two specific financial indexes; the Global Competitiveness Index (GCI) of the World Economic Forum for the period 2004-2011, and the Easy of Doing Business Index of the World Bank for the period 2006-2011, in order to evaluate economic performance of Bulgaria –as it is strongly affected by various special circumstances such as the worldwide Financial Crisis 2007 till now– in comparison with the performance of the European Union (EU27) and the group of Black Sea countries (BS10), in specific areas of economic interest. In the end, total evaluation and assessment of undertaking takes place, with consecutive report of helpful conclusions. It must be noted, that the hall comparative analysis of the economic performance and development of Bulgaria in terms of competitiveness (GCI) and easy of doing business (EDB) in comparison with European Union and the countries of Black Sea region necessitated the construction of a series of tables and charts where the best and the worst values are remarked.