Bulgaria is in 53rd position out of 64 countries in the Global Competitiveness Yearbook 2021 of the Swiss Institute for Management Development (IMD), dropping 5 positions compared to 2020 and 15 compared to 2009.
The principal challenges Bulgaria’s competitiveness faces are political instability, slow vaccination rate, limited access to e-government, slow energy transition and high energy costs to businesses. Other problem areas include quality of university education, brain drain and low spending on scientific activity and research and development as well as durable problems in administration and corruption.
Bulgaria's Parliament voted to pass conclusively amendments to the Energy from Renewable Sources (RES) Act simplifying the regime. A final customer may build power plants harnessing RES on rooftops and facades of buildings, provided the..
Hundreds of believers and clergy gathered in front of the St. Nedelya Cathedral in Sofia to see the relics of the Holy Brothers Cyril and Methodius being taken back to Athos. The Metropolitan Cathedral in Sofia welcomed the holy..
The entire country is in the green zone for the incidence of coronavirus infection , according to the National Center for Infectious and Parasitic Diseases. On a fortnightly basis, the incidence is 50 per 100,000 population. Since the..
The Bulgarian government has adopted a plan for the introduction of the euro in Bulgaria . At a briefing at the Council of Ministers, Deputy Prime..
Nearly 95,000 Ukrainian refugees are currently residing in Bulgaria. Less than 60,000 are staying in hotels, Krasimira Velichkova, Adviser to Deputy..
Bulgaria’s President Rumen Radev held a phone call with his Polish counterpart Andrzej Duda. The two heads of state discussed the situation in Ukraine..
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