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.
On Wednesday it will be mostly sunny with temporary increases in cloudiness. In some places in the mountainous and eastern regions, light rain can be expected. The highest temperatures will vary between 26° and 31°C; in Sofia –..
More and more young people in Bulgaria are succumbing to the easy access to quick loans, driven by the lack of financial experience, the desire for instant gratification and the influence of social networks. This was commented on by private bailiff..
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After the update of pensions under the so-called Swiss rule from July 1 by 8.6%, the average monthly pension of a Bulgarian pensioner for July exceeded..
On Tuesday, the air masses over the country will remain unstable. Cloudy skies are expected, there will also be short-term rain showers accompanied by..
Bulgaria's Road Infrastructure Agency has warned that toll cameras now also detect the wearing of seat belts. The new function has been active since..
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder
Mostly Cloudy