Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada.
In the Economic Freedom of the World: 2023 Annual Report, Bulgaria holds 43rd place among 165 countries and territories. A year ago, it was in 23rd place due to its more liberal regime during the Covid pandemic. The ranking takes into account the degree of economic freedom, the protection of property rights, the judicial system, government regulations, inflation, as well as the difficulties faced by businesses and citizens.
The country shows its weakest performance in the field of law and courts. At the same time a flat tax, low duties and taxes, freedom of movement, money and people, as well as a stable currency are its strengths, the ranking points out.
For the first time, Bulgaria’s Minister of Finance Temenuzhka Petkova took part as an observer in the regular meeting of the Eurogroup held in Luxembourg, the Ministry of Finance said. Until now, Bulgaria has only participated in Eurogroup..
Since the beginning of the current year, Bulgaria has experienced record heat waves, a series of devastating fires, and a new disaster just days ago – catastrophic floods that claimed human lives . Climate change already has its price – and it is..
Bulgaria will receive EUR 7.4 million in aid from the European Commission to support farmers affected by adverse production conditions in recent months, European Commissioner for Agriculture and Food Christophe Hansen told BTA and clarified that the..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign..
Overcast, rain
Rain
Partly cloudy, chance of rain