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.
On Wednesday, minimum temperatures will range between minus 5° C. and zero, lower in the Northeastern parts of the country where they will drop down to minus 7° C., for Sofia around minus 1° C. During the day the weather will be predominantly cloudy..
The magazine of the Bulgarian news agency BTA called LIK dedicates its February issue to the Bulgarian National Radio. The magazine was presented today in the marble lobby of the BNR building. The BNR marked its 90 th anniversary on 25..
An analysis of the state and preparedness of the armed forces in 2024 was presented during the Chief of Defence Annual Conference in Sofia. In their statements at the event, both President Rumen Radev and Minister of Defence Atanas Zapryanov..
Bulgaria is to take part in common procurement procedures in the sphere of defence at an EU level, under projects for the acquisition of IRIS-T air..
On Wednesday, minimum temperatures will range between minus 5° C. and zero, lower in the Northeastern parts of the country where they will drop down..
“There is no change, Bulgarian troops are not going to be sent to Ukraine,” said PM Rosen Zhelyazkov in a comment about the meeting between US..
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