Bulgaria's Innovation Ranking Drops, Falling Behind Countries Like Ghana and Tanzania

According to an analysis by the Bulgarian Industrial Chamber (BIC), Bulgaria’s position in the Global Innovation Index has significantly declined, reflecting the country’s challenges in institutional efficiency and economic development. The lack of a stable government and a clear, long-term economic strategy have been identified as major obstacles to business operations in Bulgaria.

In the "Institutions" pillar of the innovation index, Bulgaria dropped 27 places, moving from 66th last year to 83rd this year....