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.
Bulgaria's main trading partners are Germany, Romania, Italy, Greece and France, which account for 62.5% of exports to EU Member States, according to NSI data. In February, exports of goods from this country to the EU decreased by..
The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..
The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..
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