Bulgaria has fallen out of the top 50 countries worldwide in terms of economic freedom, according to the latest survey published by Canada’s Fraser Institute. For the third consecutive year, Hong Kong, Singapore and Switzerland occupy the top three positions in the Economic Freedom of the World 2024 ranking, while Bulgaria’s performance has declined, indicating…
Bulgaria’s industrial production has seen growth for the third consecutive month, with a reported increase of 0.8% in August compared to July, following minimal gains of 0.1% in June and 0.6% in July, as per data released by the European Statistical Office. However, the domestic industry is still experiencing an overall downward trend on an…
The Ministry of Economy has signed the first memorandums with banks under the programme of partial compensation for the cost of Ukrainian-made machinery and equipment. The first partners are Sky Bank and Bank Vostok. This programme is being implemented as part of the “Made in Ukraine” policy. “The first two banks have joined the programme…
Bulgaria is increasingly drawing its workforce from various continents, with the “Migration” Directorate of the Ministry of Internal Affairs allowing foreign nationals from 17 non-EU countries to work in the country during the first seven months of the year. The majority of these workers hail from Uzbekistan, Kyrgyzstan and Nepal, while the most distant contributors…
The Ministry of Economy has signed the first ordinance on the list of domestically produced machinery and equipment to which the state will refund 15%. The list includes products from nine Ukrainian manufacturers. This was announced by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine. “The list includes 88 items from…
There has been a significant increase in the number of women in leadership roles within companies and state institutions. Women now occupy 35% of all managerial positions in both the private and public sectors in Bulgaria, according to the 2023 Gender Equality Report published by the Ministry of Labor and Social Policy. In 2023, the…
Over half of employers in Bulgaria have no plans to hire new staff in the next six months, according to recent findings from the Bulgarian Employment Confederation (BEC). The survey, conducted among 1,197 companies, covers the period from October to March of next year. The data show that 32% of respondents anticipate no change in…