Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada.
In the Economic Freedom of the World: 2023 Annual Report, Bulgaria holds 43rd place among 165 countries and territories. A year ago, it was in 23rd place due to its more liberal regime during the Covid pandemic. The ranking takes into account the degree of economic freedom, the protection of property rights, the judicial system, government regulations, inflation, as well as the difficulties faced by businesses and citizens.
The country shows its weakest performance in the field of law and courts. At the same time a flat tax, low duties and taxes, freedom of movement, money and people, as well as a stable currency are its strengths, the ranking points out.
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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