According to the current legislation, payments on the territory of Bulgaria amounting to EUR 5,112 or more must be made via bank transfer or deposits in payment account, the National Revenue Agency reminds.
Between June and August 2020 more than 2,600 payments equaling or exceeding EUR 5,000 were made in cash. For such violations fines for natural persons may reach 25% of the total amount of payment and fines for legal entities may reach 50% of the amount paid in cash.
According to data from the National Statistical Institute, Bulgaria experienced a monthly inflation rate of -0.2% in May 2024 . Year-on-year inflation from May 2024 compared to December 2023 stands at 0.4%, while the average annual inflation rate for the..
The demographic crisis in this country is advancing at a rapid rate, holding back the development of businesses, but this is a tendency observed in other countries as well. Because of their good qualifications, Bulgarian workers find work in many..
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
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