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.
The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year. This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural..
One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
In the first quarter of 2025, the average quarterly total income per household member in Bulgaria was BGN 3,271 (€1,672), marking a 15.2% increase..
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