According to estimates by the Institute for Market Economics, tax freedom day falls on May 20 this year. Bulgarians worked 140 days during the pandemic to pay their taxes to the treasury. Despite the coronavirus crisis, the budget revenues are expected to exceed EUR 24.3 billion and this country’s GDP is expected to reach EUR 63.6 billion. Bulgarians produce an average of EUR 174.3 million per calendar day, which means that it took them 140 days to fill the treasury.
Working Bulgarians continue to pay more and more to the treasury. Thus, the money used to pay for the anti-crisis measures, is primarily paid by the taxpayers who bear the burden of the pandemic, notes the Institute for Market Economics
The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero, CEO of Sofia Airport operator. Speaking at the presentation of the future Terminal 3,..
Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..
The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..
T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
In September, the overall Business Climate Indicator for the country decreased by 1 point compared to August. The decline reflects a less favourable..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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