Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada.
In the Economic Freedom of the World: 2023 Annual Report, Bulgaria holds 43rd place among 165 countries and territories. A year ago, it was in 23rd place due to its more liberal regime during the Covid pandemic. The ranking takes into account the degree of economic freedom, the protection of property rights, the judicial system, government regulations, inflation, as well as the difficulties faced by businesses and citizens.
The country shows its weakest performance in the field of law and courts. At the same time a flat tax, low duties and taxes, freedom of movement, money and people, as well as a stable currency are its strengths, the ranking points out.
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott compared to the previous day, reported BTA. Temenuzhka Petkova took part in the meeting on..
The highest average salary in Bulgaria is in Sofia - 1732 euro, and the lowest in Smolyan - 826 euro. These are the data from the National Statistical Institute (NSI) for December 2024. Because of the salaries in the capital, the average salary in..
Monthly inflation in the country was 2% in January and annual inflation was 3.7%. This is according to preliminary data from the National Statistical Institute (NSI). The biggest increases were in the prices of heating and utilities. According to the..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that the turnover of large retail chains in Bulgaria decreased by 28.8% on the day of the boycott..
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