In 2023, the Bulgarian economy marks decline in the ranking of competitive countries in the world, according to the 35th edition of the IMD World Competitiveness Yearbook. In 2023, Bulgaria holds 57th place out of a total of 64 countries, which is a decline by four places in comparison to 2022. The country's ranking declined by 9 positions after 2020 and by 19 positions in comparison to 2009, when the country’s best performance was reported.
According to the criterion of economic efficiency, Bulgaria is in 48th position, rising by 1 place compared to 2022, but remaining 14 positions below the level of 2020. According to the criterion of government policies in 2023, the country is in 55th place, or 6 positions lower in comparison to 2022. Business environment also shows a deterioration and in 2023 it is placed in 62nd place.
In the first quarter of 2024, the gross domestic product (GDP) grew by 1.8% compared to the same period in 2023 . The first forecasts were for a growth of 1.7%, according to data of the National Statistical Institute. The GDP..
The perception of the level of corruption in Bulgaria remains very high, Geoff Gottlieb, Senior IMF Regional Representative for Central, Eastern and Southeastern Europe said. From an institutional point of view, the reduction in the level of..
Bulgarians own real estate in 64 countries around the world. This is shown by data of the National Revenue Agency, provided to the "24 Chasa" daily. By April 30, 2024, 3,604 Bulgarian citizens have declared they own real estate..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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