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Browse Profiles > Bulgaria > Business Indicators

	Score	Rank
Standards Compliance Index	52.50 out of 100	26
Business Indicator Index	7.73 out of 12	45

Bulgaria

Business Indicators

With an overall score of 7.73/12, Bulgaria is progressing toward standard on the economic, legal, and political indicators that make up our Business Index. Bulgaria is a market-based, but still statist economy due to a large number of state-owned enterprises, but the economy is growing rapidly. Bulgaria encourages foreign investment, and the government's efforts are directed at further improving the business environment. The law provides for equal treatment of foreign and domestic investors and tax rates are low. However, approval is required for majority foreign ownership in some sectors, and there are frequent changes in the legal framework. Although property rights are protected by law, judicial corruption and ineffective rule of law hinder the enforcement of contracts. Corruption is also an obstacle, as reflected in Bulgaria's ranking of 57th out of 163 countries in Transparency International's 2006 Corruption Perceptions Index.

Business Indicators

Forex Regulations - Capital Controls

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