Podcast in English
Audio Player
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria drops 20 places in economic freedom ranking

Photo: library

Economic freedom in Bulgaria continues to decrease, according to the latest published research of the Institute for Market Economics, conducted jointly with the Fraser Institute, based in Canada.

In the Economic Freedom of the World: 2023 Annual Report, Bulgaria holds 43rd place among 165 countries and territories. A year ago, it was in 23rd place due to its more liberal regime during the Covid pandemic. The ranking takes into account the degree of economic freedom, the protection of property rights, the judicial system, government regulations, inflation, as well as the difficulties faced by businesses and citizens.

The country shows its weakest performance in the field of law and courts. At the same time a flat tax, low duties and taxes, freedom of movement, money and people, as well as a stable currency are its strengths, the ranking points out.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Real estate prices along the Black Sea coast have continued to grow, though more gradually

The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...

published on 4/3/25 7:15 AM
Energy Minister Zhecho Stankov

Bulgaria's Chiren gas storage facility boosts capacity by 20 percent

One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister..

published on 3/31/25 2:20 PM

Cheap labour is no longer a leading factor in attracting foreign investments in Bulgaria

Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..

published on 3/31/25 1:19 PM