Bulgaria’s ranking in Global Competitiveness index improves

Bulgaria’s ranking in the World Economic Forum’s Global Competitiveness Index has improved, rating a 4.3 out of seven score, placing the country 57th out of 148 assessed in the index.

The score for Bulgaria in the 2013/14 rankings is the same as in 2012/13, although then it was placed 62nd out of 144 countries, and significantly better than in the 2011/12 rankings, when Bulgaria got a score of 4.2, placing 74th out of 142 countries.

According to the index, the four most problematic issues regarding doing business in Bulgaria were, in order, corruption, access to financing, inefficient government bureaucracy and policy instability.

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(Illustration: Ilker)