Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20 positions compared to 2009, said the Center for the Study of Democracy, which is an official partner of IMD.
Compared to the previous year, the country experienced the most significant declines in infrastructure conditions (from 54th to 59th place) and business environment (from 62nd to 65th place). For the third consecutive year, Bulgaria’s economic efficiency improved (from 48th to 45th place) due to better macroeconomic indicators such as the rising real GDP per capita.
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
Partly Cloudy
Clear