Bulgaria places second in the EU, together with Latvia, in terms of lowest tax revenue/gross domestic product ratio. In those two countries the tax revenue/GDP ratio amounts to 27.9%. Only in Lithuania the tax revenue/GDP ratio is lower-27.2%, data of the European Parliament about the EU states’ tax systems show. On the other hand, in The Netherlands, Belgium, Sweden, and Finland the GDP/tax revenue ratio is highest. Data of the EP also shows that the highest amount of revenues in Bulgaria’s treasury is collected from taxes levied on consumption. The value added tax in Bulgaria (20%) is among the lowest in the whole EU and only Germany, Cyprus, Malta and Luxembourg have lower VAT. On the other hand, Hungary has the highest VAT-27%, followed by Denmark, Croatia and Sweden with 25%. VAT in Romania and Finland amounts to 24%. In Romania, however, VAT on food was reduced to 9%.
Leaders from over 130 countries are gathering at thr UN headquarters in New York for the 79th session of the UN General Assembly. This year's motto is: "Leaving no one behind: acting together to promote peace, sustainable development and human dignity..
The weather in Bulgaria will be sunny on Tuesday. Cloudiness will increase from the west The minimum temperatures will be between 7 °C and 12°C, in Sofia - about 8°C. The maximum temperatures will be from 25 °C to 30°C, in the capital Sofia - 25°..
The European Commission has proposed to allocate €119.7 million to directly support farmers in Bulgaria, Germany, Estonia, Italy and Romania affected by adverse natural phenomena in 2024. Bulgaria is reported to have been affected by a drought this..
Bulgaria will request the suspension of the import of eggs originating from Ukraine at the meeting of the EU Agriculture and Fisheries Council in Brussels..
The weather in Bulgaria will be sunny on Tuesday. Cloudiness will increase from the west The minimum temperatures will be between 7 °C and 12°C, in..
In New York, within the autumn session of the UN General Assembly, Bulgaria's caretaker Foreign Minister Ivan Kondov met with the Minister for Europe..
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