Bulgaria ranks among top countries in providing favorable environment for starting businesses

Parliament Speaker highly appreciates Korea's contribution to humanitarian actions in Yemen

The Speaker of Parliament Sultan al-Barakani expressed thanks and gratitude to the government of south Korea for its significant contribution to relief, humanitarian and developments efforts in Yemen.

German Chancellor Says Europe Must Stand Strong

German Chancellor Friedrich Merz has called on Europeans to strive for greater autonomy, emphasizing the need for Europe to defend itself using its own capabilities, given the shift in transatlantic relations.

China's foreign exchange reserves rise to $3.3991 trillion

China's total foreign exchange reserves made $3.3991 trillion at the end of last January, marking an increase of $41.2 billion, or 1.23 percent, compared to the end of December last year.

Saudi League: Al-Nassr, Al-Ettifaq and Neom Secure Victories Over Al-Ittihad, Damac and Al-Riyadh

Al-Nassr defeated its guest Al-Ittihad 2–0 in the match that brought them together at Al-Awwal Park Stadium in Riyadh, as part of the 21st round of the Saudi Professional League.

Last Update: ، 2026/02/09 Time 05:57:41
Latest News:

Prime Minister Receives Acting U.S. Ambassador

Prime Minister Receives Russian Ambassador, Discusses Enhancing Joint Cooperation

Yemeni Ambassador Discusses Enhancing Bilateral Relations with Jordanian Official

President al-Alimi Praises Role of Dhalea People in Deterring Imamate Agenda, Defending Republican System

Republican Decree on Government Formation, Naming its Members Issued

Bulgaria ranks among top countries in providing favorable environment for starting businesses—WB Report

[05/10/2024 05:45]

SOFIA-SABA
The World Bank (WB) Thursday released its Business Ready annual ranking, based on its updated survey of business conditions in 50 countries around the world.

Bulgarian News Agency (BTA) reported that Business Ready 2024 is structured around three key pillars that reflect the opportunities for doing business in a country - Regulatory Framework (Pillar I), Public Services (Pillar II) and Operational Efficiency (Pillar III).

In the first pillar, Bulgaria is rated with 76.33 points, which puts the country among the leaders in this indicator, ranking 6th, according to the World Bank report.

In the second pillar, Bulgaria scored 64.03 points on this indicator, which puts it just behind the top 10 countries, ranked 11th.

For the third pillar, Bulgaria scored 70.49 points on this indicator, placing it among the top 8 countries listed.

Bulgaria's economy profile reads that the country "allows business entry for domestic and foreign firms with minimal restrictions, provides transparent information (connection requirements, tariffs, complaint mechanisms,) for water and electricity, and does not have many restrictions on digital trade". Bulgaria scores highest in Business Entry, Utility Services, and International Trade, according to BTA.