Bulgaria Grapples with Soaring Corruption Rates: New Report Reveals Shocking Data
Corruption in Bulgaria has soared to its third highest peak in history, according to a recent report by the Center for the Study of Democracy
Economic growth in Greece, Bulgaria, Romania and Hungary are hampered by corruption, according to Aasim Husain, Deputy Director in the European Department of the IMF.
Husain, as cited by Macedonian daily Utrinski vestnik, suggested that the fastest growing economies in Eastern Europe would be Poland and Latvia, which were recovering quickly from the big decline registered during the economic crisis in 2008.
He predicted an economic growth of 5% for Poland and Latvia.
Husain suggested that Macedonia's economy would grow by over 3.5% in 2014 and 2015, adding that the entire region was expected to register growth.
He said that Macedonia's economic growth had started to recover in 2013.
He claimed that the main task for the region, especially indebted countries like Croatia and Serbia, would be to secure a growth in credit lines for the economy, as well as financing through loans from abroad.
He argued that the level of indebtedness of the two countries would decelerate economic growth.
Husain also pointed out that the emergency situation caused by the torrential rains in Bosnia and Herzegovina and Serbia would also have an impact on the economic growth in 2014.
He also cited the crisis in Ukraine and the calls for imposing stronger sanctions against Russia in the EU as cause for concern.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022