IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria is ranked 45th by the the Best Countries for Business report of Forbes magazine.
Performing among the world's "top 10" (9th) in "Trade Freedom", the country is also doing well in Investor Protection (14th) and Monetary Freedom (15th) and moderately in Technology (38th) and Personal Freedom (41th).
However, property rights (67th), Market Performance (82nd), and Innovation (93th) are among the areas where most of Bulgaria's drawbacks are to be found.
The country's profile reads that "despite having a favorable investment regime, including low, flat corporate income taxes, significant challenges remain. Corruption in public administration, a weak judiciary, and the presence of organized crime continue to hamper the country's investment climate and economic prospects."
Bulgaria has been slowly moving up compared to previous rankings, with the 2012 list placing it 49th.
"Despite a sluggish economy, Europe dominates the top of FORBES’ annual ranking of the finest countries for capitalism," a summary leading up to the ranking reads, adding European countries make up two-thirds of the first 25 in the list (topped again by Denmark).
The United States "slides four spots to No. 22", scoring "poorly on monetary freedom and bureuacracy/red tape."
New Zealand, No 2, is followed by Norway, Ireland, and Sweden.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
LinkedIn, the go-to platform for job seekers worldwide, is considering incorporating gaming elements into its services. In a move aimed at enhancing user engagement
Today, just before 8 a.m., the mortal remains of Bulgarian Patriarch Neophyte were laid out for veneration at Patriarchal Cathedral "St. Alexander Nevsky"
Are you looking for inspiration for your next travels? Or perhaps a journey to the most interesting places you see in your favourite movies?
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion