Bulgaria climbs to 36th place in Fraser economic freedom ranking.

By bne IntelliNews September 21, 2010
Bulgaria climbed to 36th position in the economic freedom ranking of the Canadian Fraser Institute, from 41st place in the previous issue of the report, the Institute for Market Economy, which is Fraser's local partner, said. The report surveyed the performance of 141 countries in 2008. The change in Bulgaria's ranking resulted from an improvement in the score of the government, which got a rating of 7.46 as compared to 10 for the best performers, up from 7.21 in 2007. The cabinet's score went up because of the introduction of the flat income tax of 10%, which reduced the tax burden. The country ranks worst in the indicator assessing legislation and private property rights (down to 5.21 from 5.29 in 2007).

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

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

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

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

Bulgarians hold EUR 100mn in deposits in Cyprus.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss