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News
| Bulgaria Is Nearing Investment Heaven |
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Wednesday, Nov 12, 2008 |
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Bulgaria is a good place for making business in 2009, PricewaterhouseCoopers maintains. Bulgaria is ranked 45th in the report "Business in 2009" which covers 181 countries. In 2008, Bulgaria occupied 44th place.
PricewaterhouseCoopers compiles a rating list based on the report of the World Bank (Doing Business 2009), examining 10 indices. The business climate in neighbouring Romania is good but the country lags behind Bulgaria occupying 47th place.
Bulgaria has significantly facilitated the company registration procedures, which pushes Bulgaria up by 22 places in the rating list for 2009 in this index - from 103rd position to 81st. Experts register a much tighter administrative control over business, which sends Bulgaria to 117th place according to this index. However, Bulgaria is still far away from the definition "tax heaven" ranking 94th in 2009.
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Source:
Standart newspaper
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