A Conference in the Capital Sofia Shows that Bulgaria is the Leading Country in South-Eastern Europe in Relation to Investment Reforms
|
Over the last seven years Bulgaria has made impressive progress towards long-term stability and sustained growth. Raising investment and total factor productivity is very significant for continued growth. As Bulgaria entered EU, it has the opportunity to act on these challenges and set the economy on a higher growth path. To be effective, Bulgaria must enact several structural reforms in a stable macroeconomic environment, including improving human and physical capital, better public sector management, stronger labor market performance, and judicial reforms.
During the conference of the Economics Growth Council in Sofia this year the so called report “Investment Reform Index” was presented. All fields that affect the economic environment were discussed. These aspects are competitive power, accountancy and taxation policy, anti-corrupt combating, regulating reforms and human resources.
This report has presented Bulgaria in the light of a leading country when investment reform is concerned. The Investment Reform Index in Bulgaria shows levels above the average values for our region. These values are calculated as summary number of seven indicators.
Bulgaria is in the front line when Investment Policy is discussed. The country shares this position together with Romania. The index of this indicator is 4 units when the average index for the region is 3.8 units.
In the Investment promoting field Bulgaria ranks first beating Romania and Serbia. The levels here are 3.7 units when the average levels are 3 units.
Bulgaria and Romania are sharing first positions beating Croatia when the indexes in accountancy policy are concerned. Romania has higher level of anti-corrupt combating index showing 4 units in this position when our country shows 3.
Bulgaria, Romania and Croatia rank first when the trade part of the index Investment reform is discussed.
The Regulating reform yields the front lines to Bulgaria with levels of 4 units. The only index that shows weakness in the economic indicators is the Human Funds index showing levels beyond the average for the region.
Source: www.bgp.bg |
|
