Bulgaria climbed to 28th position (score 7.34, up from 7.31 last year) out of 141 countries in the economic freedom ranking of the Canadian Fraser Institute, from 34th place last year, according to the newly-issued Economic Freedom of the World report for 2011. The report uses data for 2009. The country improved in terms of access to sound money and regulation of credit labour and business. However, it did worse in size of government, legal structure and security of property rights, and freedom to trade internationally. The best performing country was Hong Kong with score of 9.01 out of 10, followed by Singapore (8.68) and New Zealand (8.20). |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more