Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.
Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.
China became the top investor in CEE in 2019, leading fellow East Asian investors that accounted for a growing share of M&A in the region. More deals are expected to follow, says a new report from law firm CMS.
“Someone signed a signature to turn Bulgaria into a dump for the world,” says opposition leader, as alleged imports of mafia waste from Italy, water shortages and deadly air pollution add to the accusations against Boyko Borissov’s government.
Economist Emil Dimitrov has no experience in environmental protection, and critics fear he will be unable to resolve the problems he inherits from Neno Dimov, who stepped down after being arrested for abuse of office.
Neno Dimov was detained over illegal siphoning from a reservoir that deprived a major industrial town of water supplies. He is the first serving minister ever to be arrested in Bulgaria.
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
Bulgaria aims to adopt the euro and hopes to join the ERM2 in April. A failure to achieve this would be a blow for Prime Minister Boyko Borissov’s scandal-hit government as parties start to position themselves ahead of the 2021 election.