Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
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!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022