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.
"Yes, Bulgaria" party (part of "Democratic Bulgaria") have defined the budget for next year as an "economic tsunami". MP Ivaylo Mirchev was firm that the pary will oppose it when the project comes up for discussion in parliament. "Yesterday we were..
Bulgarian President Rumen Radev has presented the national flag to the participants in the 34th Bulgarian Antarctic Expedition. At a ceremony in the Hall of Arms, the flag was accepted by the head and doyen of Bulgarian research in the White Continent,..
The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International Monetary Fund, at the high-level conference in Sofia titled ''Bulgaria on the Doorstep of the..
North Macedonia has still not adopted the necessary constitutional amendments aimed at including Bulgarians and other non-majority communities in the..
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
On Tuesday , the lowest temperatures will be between 8 and 13°C; in Sofia - about 8°C. During the day, it will remain cloudy. There..
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