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 price of electricity for households could increase by nearly 9% starting next year, according to estimates by the Energy and Water Regulatory Commission. This means that with an average consumption of nearly 400 kilowatt-hours, the monthly bills..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria, with the minimum wage in the country reaching at least 80% of the subsistence wage by 2027. According..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and amounted to 20.895 billion euros. The main trading partners are Germany, Romania, Italy, Greece and..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association..
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