Bulgaria is the 50th most competitive economy in the world, according to the Global Competitiveness Index 2016-2017 The Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. This year’s edition highlights that updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets. Bulgaria 50th /138 Bulgaria’s business environment is ranked within the first 50 countries in the world. It has a step-up with 4 positions since the last edition of the report and rank 12 positions up since 2012.
According to the report, Bulgaria is the 5th world economy in attractiveness of trade tariffs with 1% duty and the 14th in the world in strength of investor’s protection. A key finding points out, that the country is highly technology prepared to respond to the business requirements (38th in the world). Local business environment is ready to propose latest technologies, good regulations for FDI and technology transfers, and high speed internet connection. In reference to the macroeconomic pillar, Bulgaria is ranked 42nd in the world with 23.5% of GDP Gross National Savings;-1.1% inflation; stable currency, pledged to the euro.
The most problematic factors for doing business in Bulgaria are corruption and inadequately educated work force.
Visa Free Europe is a Bulgarian company, specialized in investment immigration services and asset management. For further details about the Bulgarian Investment Immigration Program, please contact us: www.visafreeeurope.eu; email: email@example.com; T:+35924486022