The World Bank has presented its annual ranking based on an updated survey of the conditions for business development in 50 countries around the world. The report is titled "Readiness for Business." The ranking is based on three main indicators that reflect the opportunities for businesses to thrive in a given country: "quality of the regulatory framework," "efficiency of public services," and "operational efficiency."
The first indicator, "quality of the regulatory framework," includes the norms and regulations that businesses must comply with in carrying out their activities. In this category, Bulgaria is rated at 76.33 points, placing the country among the leaders in this indicator (6th place).
The second indicator, "efficiency of public services," encompasses the ability of businesses to comply with the rules and regulations of a particular country, as well as the availability of infrastructure that enables them to successfully develop their operations. According to this indicator, Bulgaria is rated at 64.03 points, placing it slightly behind the leading countries (11th place).
The third indicator, "operational efficiency," represents how much state and municipal administrative services assist businesses in developing their activities, as well as how restrictive regulatory norms and other legal standards are in a given country. According to this indicator, Bulgaria is rated at 70.49 points, placing it among the top countries included in the survey (8th place).
Source: Confindustria Bulgaria