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Nov 23, 2017 11:57 EEST
SOFIA (Bulgaria), November 23 (SeeNews) – Bulgaria needs to keep up its efforts for reducing administrative burdens on businesses in 2018, as set out in the current coalition government’s programme, the European Bank for Reconstruction and Development (EBRD) said.
“Notably, a focus is needed on alleviating procedures for starting a business, getting electricity and paying taxes,” the EBRD said in its Transition Report 2017-2018, presented in London on Wednesday.
At the same time, efforts are also needed to address long-term issues of governance, as well as insufficient education levels among the labour force, the report reads.
Among the country’s priorities is also the liberalization of its energy market.
Bulgaria also needs to make further progress under the European Union’s Cooperation and Verification Mechanism, the EBRD notes.
“In particular, the government needs to implement a newly drafted law for a special court focusing on high-level corruption, and a new money laundering law, which aligns the current framework with that of the European Union,” the report reads.
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