Bulgaria to 50th in the world in competitiveness

Bulgaria has moved from 54th to 50th place in competitiveness according to a report by the World Economic Forum - Davos. Bulgaria ranked before Slovenia, Romania, Slovakia, Hungary and Croatia. Eastern Europe with the most ranked Estonia was followed by the Czech Republic. Factors that hinder the development of Bulgaria are corruption, inefficient public administration, insufficient training of the workforce and inefficient infrastructure.

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