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.
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
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