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.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy economic freedom economy Fraser Institute reforms

More from category

BNB expects economic growth, investments in real estate continue

The Bulgarian National Bank (BNB) expects the trend towards a slowdown in economic growth to stop. In the first half of 2024, the Bulgarian economy is expected to grow supported by the improved prospects for external demand for Bulgarian goods and..

published on 2/26/24 10:44 AM

Parliament approves negotiations with Hyundai for new units at Kozloduy NPP

After a long debate, the National Assembly decided that Kozloduy NPP- New Builds and Hyundai Engineering & Construction hold negotiations by April 15. Hyundai was shortlisted as a potential contractor for the engineering, construction and..

published on 2/23/24 1:54 PM

Hyundai fears unfair competition in the construction of units 7 and 8 of Kozloduy NPP

Bulgaria’s Parliament rejected a proposal for consideration of a draft decision for the construction of new capacities at the Kozloduy nuclear power plant. MP Delyan Dobrev, Chairman of the National Assembly Energy Committee, asked the parliament to..

published on 2/22/24 11:01 AM