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Friday, January 06, 2006 

Bulgaria Slips in Economic Freedom Ranking

Bulgaria went down 12 positions in a ranking of economic freedom for 2006. The statistics were created by Heritage foundation and the Wall Street Journal. Bulgaria occupies the 62nd position. In 2005 the country was ranked 52nd and climbed 26 positions. Countries like Peru Saudi Arabia, Mongolia, Mexico and Macedonia come before Bulgaria in 2006. The index features 157 countries ranked according to criteria such as economic openness to foreign investors, trade policies, government interference and regulations.
The decrease of Bulgaria’s rank came as a result of the poor evaluation of regulations and private property rights criteria. The analysis points out that corruption among high-level officials has increased. Problems with the judicial system pose a risk to investors who might be unable to defend their rights, Sega newspaper reported.

Source: Sofia Echo

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