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).

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