BULGARIAN ECONOMY
Bulgaria 49th out of 151 Countries in World Economic Freedom Ranking
Bulgaria ranks 49th out of 151 countries included in the Economic Freedom of the World: 2013 Annual Report of the Canadian Fraser Institute.
The report was published in Bulgaria by the Institute for Market Economics.
The report presents the situation in 2011 – the last year for which official data is available for all countries.
Hong Kong is estimated as the the world's most economically free country, with a score of 8.97 out of 10, followed by Singapore (8.73), New Zealand (8.49), and Switzerland (8.30).
For yet another year in a row, Venezuela is at the bottom of the economic freedom ranking with a score of 3.93.
Globally, the average economic freedom score climbs to 6.87 out of 10 compared to 6.74 last year.
Bulgaria has a score of 7.26, which is a slight decrease compared to 2010, when the country ranked 47th with a score of 7.30.
In the EU, the score ranges from 7.89 for Finland (7th), to 6.59 for Slovenia (97th). Bulgaria is 22nd among EU Member States.
The United States ranks 17th with a score of 7.73.
According to the report, the citizens of countries characterized by high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer life spans.
On average, the poorest 10% of people in the most free nations are more than twice as prosperous as the average population of the countries with the least economic freedom.
NEWS FROM BCCI
Sofia and Belgrade to become the first Balkan capitals connected by a motorway, suggested BCCI’s President
Both parties implement joint projects together, commence new initiatives of European significance
ОщеBCCI hosted the Bulgarian-Chinese Business Forum
There is potential for expanding the Bulgarian exports of pharmaceutical and medical products to China
ОщеMeeting of the Presidents of the Bulgarian and the Ukrainian Chambers of Commerce and Industry
The Ukrainian Chamber explores the experience and the achievements of BCCI in regard to the voluntary Unified Trade Register and the activities of the arbitration
ОщеThe newly appointed Commercial Counselor of Romania visited BCCI
Business information exchange and assistance to companies for developing partnership will be on focus in the bilateral initiatives
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UPCOMING EVENTS
Invitation for lauching conference on the programme "Energy Efficiency and Renewable Energy"
Celebration of the European Cooperation Day 2013 - medieval festival at the Baba Vida Castle
BULGARIAN ECONOMY
Quarterly labour cost index second quarter of 2013
The total hourly labour cost rose by 3.4% compared to the second quarter of 2012
ОщеMinistry of finance: We are expecting by the end of the month the European Commission to react on our request for maintaining the reduced excise duty rate on natural gas used as fuel
There are several EU Member States applying such a reduced excise duty rate among which Italy, Portugal and Belgium
ОщеBulgaria 49th out of 151 Countries in World Economic Freedom Ranking
The report presents the situation in 2011 – the last year for which official data is available for all countries
ОщеBulgaria with 50% increase of the serviced aircrafts over a 10-year period
At the same time the air navigation fees have been decreased
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INVESTMENT NEWS
French Montupet increases production in Bulgaria by 50%
The new investment in the Ruse plant will create another 300 workplaces
ОщеPetroceltic increases natural gas production from Bulgarian fields
This is possible due to the new subsea well at “Kaliakra” field that has been just tied to the pump facility
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