World Bank

Prime Minister Ludovic Orban said on Wednesday that Romania has the highest VAT evasion and the lowest VAT collection rate in the European Union, but the level of 19pct is a reasonable one. "We are the country with the highest VAT evasion. We have the lowest VAT collection rate in the EU.

Serbian President Aleksandar Vucic stated today in Paris that mini Schengen initiative is worthy of attention, recalling the World Bank estimate that its implementation would save the Western Balkans countries (WB6) with 3.5 billion euros.

Bulgaria has lost two places and is already ranked 61st in the World Bank's latest ranking of country-by-country business conditions around the world, the latest Doing Business 2020 report shows.

Greece appears to be taking two steps back for every step forward it makes in combating bureaucracy, as it has slid further on the World Bank's global Doing Business chart.

Bulgaria dropped down from the 59th to the 61st position in the Doing Business 2020 annual ranking of the World Bank. The report of the financial institution assesses the reforms in the national economies in terms of business environment, poverty levels, regulatory efficiency, promotion of entrepreneurship, startups, innovations, access to credits and investments, BNR reported.

Turkey has jumped up 10 places to be 33rd among 190 nations in the World Bank's Ease of Doing Business Index released on Oct. 24, the country's vice president said.

Greek Finance Minister Christos Staikouras is heading to Washington to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank.

The Bulgarian economy is ranked 49th in the global competitiveness ranking according to the World Economic Forum (CIF) ranking. In 2019, Bulgaria climbs two positions in the prestigious ranking, comprising 141 countries worldwide. The country's score is 64.9 points.

The World Bank has revised upwards its economic growth forecast for the Turkish economy for 2019, citing improvement in domestic demand.

Our efforts yield results - new centres are opened, we have highly qualified employees, Bulgarians are returning from abroad because Bulgaria is a wonderful place to live, Prime Minister Boyko Borissov said at the opening of BOSCH Engineering Centre in Sofia Tech Park, the government press office said.