Sun, Nov 22 2009

Bulgaria ranks 39th in IMD competitiveness ranking

Wed, May 14 2008 20:29 CET byElena Koinova 441 Views

Bulgaria's economy went two notches up to 39th place in the annual competitiveness ranking of the International Institute for Management Development (IMD), the Bulgarian partner of the Swiss business school, the Centre for the Study of Democracy (CSD), said in a statement on its website on May 14.

The main obstacles to Bulgaria's competitiveness, as outlined in the IMD World Competitiveness Yearbook 2008, are the heavy bureaucratic and regulatory obstacles to business, unfair competition (including institutional insufficiency, grey economy and corruption), infrastructure and human resources.

Bulgaria, which features in the IMD ranking for the third successive year, was 41st both in 2006 and 2007. This year, it ranked ahead of fellow European Union member states Greece, Poland, Romania and Italy.

The IMD assigns scores on four criteria. It evaluates the international competitiveness of the economy, government performance, business competitiveness and available infrastructure (basic infrastructure, technical and innovation infrastructure, health care and education).

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, 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.