Sunday, 24 January 2010

Bulgaria joins the race

Ilian Mihov, INSEAD Professor recently nominated to become Bulgaria’s Deputy Prime Minister, suggests that state policies should focus on achieving higher labour productivity.

“If Bulgaria becomes as rich per capita as Singapore, we will have fulfilled our goal. This will be a very hard task, but why not? 30-40 years ago Singapore was poorer than Angola but with mobilization, innovations this is possible, and Singapore is now richer than the USA. It has proven this is possible. There is no problem for Bulgaria to become a country of hi-tech and innovations in 20-30 years,” Mihov told Darik Radio on Saturday.

He stressed the fact that companies in Bulgaria must become more efficient and that obstacles to entrepreneurship must be removed.

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