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Without reforms, Bulgaria has seen an increase in economic freedom

published on 9/9/22 12:28 PM

Photo: fraserinstitute.org

Bulgaria rose from 36th to 23rd place among 165 countries in the ranking "Economic freedom around the world 2022". The study, presented in Sofia by the Institute for Market Economics, is done every year by Canada's Fraser Institute.

Bulgaria's progress is not tied to reforms, experts comment. Because of the Covid pandemic, many governments around the world have restricted economic freedoms and increased state intervention, including various business restrictions - "lockdowns". There is a large increase in the dependence of companies on budgetary aid while in Bulgaria, the restrictions and state aid related to the pandemic were more limited.

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Radio Bulgaria Economy economic freedom economy Fraser Institute reforms

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Without reforms, Bulgaria has seen an increase in economic freedom

More from category

Bulgaria's wine sector sees poor grape harvest amidst growing investment interest

Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

Bulgaria reports 0.1% monthly inflation for August

Before the introduction of the euro, companies and citizens are rapidly depositing money into banks

Bulgaria's wine sector sees poor grape harvest amidst growing investment interest