In the latest ranking of the Heritage Foundation, Bulgaria placed 47th in the world when economic freedom is concerned. This country falls into the group of moderately free economic countries together with Cyprus (48th), Turkey (60th), Albania (65-th place), Montenegro (83rd place) and Bosnia and Herzegovina (92nd place).
In the analysis for Bulgaria the foundation writes that competitive flat tax and the system of open trade encouraged private sector development, while the financial sector showed relatively high levels of durability. Public finance management was good and the public debt was still among the lowest in the region, while the budget deficit continued to decline.
However, "Heritage" voices criticism over insufficient institutional reforms that are particularly needed for judicial efficiency.
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God has gifted people with an incredible quality - to dream. And we dreamt of hearing Bulgarian in the Getty Museum during the opening of an incredible exhibition. An exhibition dedicated to an ancient people, an exhibition that..
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Over the next 24 hours the clouds will increase. The wind will pick up and will usher in cold air. Minimum temperatures 5-10° C., for Sofia around 5°..
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