Sat, May 26 2012

BULGARIA GOES DOWN IN ECONOMIC FREEDOM RANKING

Thu, Jan 05 2006 01:00 CET

421 Views

Bulgaria went down 12 positions in a ranking of economic freedom for 2006. The statistics were created by Heritage foundation and the Wall Street Journal. Bulgaria occupies the 62nd position. In 2005 the country was ranked 52nd and climbed 26 positions. Countries like Peru Saudi Arabia, Mongolia, Mexico and Macedonia come before Bulgaria in 2006. The index features 157 countries ranked according to criteria such as economic openness to foreign investors, trade policies, government interference and regulations.
The decrease of Bulgaria's rank came as a result of the poor evaluation of regulations and private property rights criteria. The analysis points out that corruption among high-level officials has increased. Problems with the judicial system pose a risk to investors who might be unable to defend their rights, Sega newspaper reported.

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

More in this category

Saab awarded $2.4M military training equipment contract in Bulgaria

The funding is provided under the foreign military sales programme of the US army's Program Executive Office of Simulation, Training and Instrumentation.

Two Brits fined for hooliganism in Bulgaria’s Veliko Turnovo

The UK nationals were arrested after throwing beer bottles at people after being refused entry to a restaurant that had closed for the night.

Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites

Restoration and development projects include Madara Horseman, Arbanassi fortress, Magura cave.

Sovereign Order of Malta assists hospital in Bulgaria’s Iskrets

Simeon Saxe-Coburg and his spouse Margarita opened a new heating and insulation system at the Tsar Ferdinand Hospital for Pulmonary Diseases in Iskrets, a project implemented thanks to the Embassy of the Sovereign Order of Malta in Sofia and the Nando Peretti Foundation.

Bulgarian Parliament passes confiscation act

According to the law's provisions, the commission will have the power to investigate individuals without prior notification and would not require a criminal conviction in order to launch an investigation.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.