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 corruption is important. "This has an additional positive effect. Better governance reforms are the cornerstone for unblocking European funds," said Gottlieb, who participated in the "The Noise of Money" forum in Sofia .
According to Gottlieb, Bulgaria has a very high percentage of young people of working age who neither study nor work and this is a huge problem for the labor market. More investments and better management of resources are needed, including a serious improvement in digital skills.
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy,..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy