In the latest ranking of the Heritage Foundation, Bulgaria placed 47th in the world when economic freedom is concerned. This country falls into the group of moderately free economic countries together with Cyprus (48th), Turkey (60th), Albania (65-th place), Montenegro (83rd place) and Bosnia and Herzegovina (92nd place).
In the analysis for Bulgaria the foundation writes that competitive flat tax and the system of open trade encouraged private sector development, while the financial sector showed relatively high levels of durability. Public finance management was good and the public debt was still among the lowest in the region, while the budget deficit continued to decline.
However, "Heritage" voices criticism over insufficient institutional reforms that are particularly needed for judicial efficiency.
Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..
During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the high western areas. There will be almost no precipitation in the easternmost regions. The morning..
The Democrats for a Strong Bulgaria (DSB) are to nominate the party’s leader Atanas Atanasov for president of the 51 st National Assembly...
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common..
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey..
Mostly Cloudy
Rain
Scattered showers
Cloudy
Snow
Rain / Snow
Cloudy