Text size

Without reforms, Bulgaria has seen an increase in economic freedom

published on 9/9/22 12:28 PM

Photo: fraserinstitute.org

Bulgaria rose from 36th to 23rd place among 165 countries in the ranking "Economic freedom around the world 2022". The study, presented in Sofia by the Institute for Market Economics, is done every year by Canada's Fraser Institute.

Bulgaria's progress is not tied to reforms, experts comment. Because of the Covid pandemic, many governments around the world have restricted economic freedoms and increased state intervention, including various business restrictions - "lockdowns". There is a large increase in the dependence of companies on budgetary aid while in Bulgaria, the restrictions and state aid related to the pandemic were more limited.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy economic freedom economy Fraser Institute reforms

More from category

Bulgaria's Fiscal Council recommends introducing budget savings measures in 2026 state budget

In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..

published on 10/28/25 11:51 AM

No disruptions or price increases expected on Bulgaria’s fuel market

No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..

published on 10/24/25 10:22 AM

Allianz Trade forecasts Bulgaria as one of CEE’s fastest-growing economies

The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..

published on 10/22/25 2:38 PM