Bulgaria Economy Ranks 39 in the World Sofia_News_Agency - 2008/5/14
Bulgarian economy ranks 39 in the world this year according to the annual ranking of different countries' competitiveness conducted by the IMD World Competitiveness Yearbook 2008.
Bulgaria has been evaluated along with other 55 countries, considered world economy leaders.
There are four main evaluation criteria for the international competitiveness of a country: economic performance, government efficiency, business efficiency, and infrastructure.
This is the third time Bulgaria has been included in the IMD World Competitiveness Yearbook ranking.
The good news is that Bulgaria has moved up in the list. The country was ranked 41 in 2006 and 2007 due to problems created by bureaucratic obstacles for business development, unfair competition, corruption, poor infrastructure and lack of qualified work force.
According to the Center for the Study of Democracy in Bulgaria, the ranking has contributed a great deal for the establishment of a competitiveness policy on the part of the Bulgarian government.
Today the Center presented the results regarding Bulgaria's ranking in the World Competitiveness Yearbook 2008. The press conference was held in Hall 1 of the Center.
The meeting also focused on the government policies for the development of the economy, and the measures needed to be taken to increase the income of Bulgarian workers.