Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20 positions compared to 2009, said the Center for the Study of Democracy, which is an official partner of IMD.
Compared to the previous year, the country experienced the most significant declines in infrastructure conditions (from 54th to 59th place) and business environment (from 62nd to 65th place). For the third consecutive year, Bulgaria’s economic efficiency improved (from 48th to 45th place) due to better macroeconomic indicators such as the rising real GDP per capita.
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
If the political crisis continues, the lost benefits will reach a threshold after which the Bulgarian business will begin to lose competitiveness due to growing deficits in education, healthcare, infrastructure, regional development and demographics...
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