Corruption, slow justice and unpredictability caused by frequent legislative changes are what foreign investors in Bulgaria face, the annual report of the US Department of State on the investment climate in 170 countries reads. “Bulgaria is ranked 74th in terms of corruption. It is worrying that this is the level of countries like Tunisia and former Soviet Union countries and even Belarus is ahead of us”, Petar Ivanov, Executive Director of the American Chamber of Commerce in Bulgaria (AmCham) commented in an interview for BNR.
In his view, Bulgaria has the most obscure business laws. That is why, this country ranks 61st in the Doing Business annual ranking. Bulgaria performs better in the innovations ranking-40th among 129 countries.
An inspection has uncovered numerous violations following the recent flood in the Elenite resort complex. No records of environmental approval for the construction in Elenite were found in the archives of the Ministry of Environment and Water, Minister..
The ruling majority has introduced a bill limiting the export of diesel and aviation fuel. “This is a temporary measure. There is fuel for months to come, not counting the State Reserve,” Delyan Dobrev from the GERB party, said...
Israel announced that it had identified the bodies of hostages Sahar Baruch and Amiram Kuper. They were handed over by Hamas on the evening of October 30 to the Red Cross in Gaza, BTA reported. "Following the identification process..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
The National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical..
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