Text size

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.

Radio Bulgaria Economy economic freedom economy Fraser Institute reforms

More from category

Just 11% of Bulgarians managed to save money in 2022

Just 11% of Bulgarians managed to save some money last year, according to a study by the "Trend" research center. 39 percent said they lived normally, but without being able to make any savings. 19% had to use money from their..

published on 1/9/23 2:05 PM

State budget concludes 2022 with a deficit and uncollected revenue

For the first time in many years, the state has been unable to collect the projected sum om VAT – it is 670 million Leva short (EUR 335 million), the Finance Ministry has announced. In July, parliament updated the budget, raising the projected..

published on 1/9/23 10:30 AM

Uncertain economic environment remains the biggest hurdle for entrepreneurs

The overall business climate indicator increased by 1.0 percentage points in December compared to the previous month, the monthly survey of the National Statistical Institute (NSI) shows. Industry and retail trade saw an increase, construction..

published on 12/30/22 4:02 PM

WEATHER

Pick city: Sofía

Mostly Cloudy
Min: -1 | Max: 5

BULGARIA IN PICTURES

Which holiday is associated with the custom of Survakane, which is performed with a stick of decorated intertwined dogwood twigs called a survachka?

NSI survey: More than 20% of producers anticipate price increases

In January, the country's business climate remained roughly at its December 2022 level , a survey conducted by the National Statistical Institute shows...

published on 1/30/23 5:45 PM

Share