The tripartite cooperation council did not reach accord on extending the differentiated VAT rate until the end of the pandemic.
The caretaker cabinet wants the tax to be 9% for food and non-alcoholic beverages served at eating and drinking establishments, baby products, books, tour operator services and use of sports facilities. The Bulgarian Industrial Association is insisting on the introduction of a lower VAT rate for all food and non-alcoholic beverages. The Finance Ministry says that this will mean more than 500 million euro less for the treasury. The TUs are demanding a reduction of VAT overall from 20% to 15% and oppose the differentiation.
The biggest trade union in the country, the Confederation of Independent Trade Unions in Bulgaria, warned there will be protests if there are 15% staff cuts in public administration, as proposed by former Minister of Finance Assen Vassilev from We Continue the Change.
Bulgaria's economy grew by 2.2% year on year in the third quarter , according to the National Statistical Institute's (NSI) flash estimate. Final consumption expenditure grew by 4.6%, imports of goods and services by 1.9% and exports by 0.1%...
The European Commission is taking Bulgaria and Romania to the European Court of Justice for failing to fully comply with wastewater collection and treatment obligations. Both countries have received substantial EU funding under the cohesion policy,..
"We Continue the Change - Democratic Bulgaria (PP-DB) has filed two complaints with the Constitutional Court in relation to the parliamentary elections held on October 27 this year. The first complaint is based on arguments gathered by the lawyers..
A formation of the Joint Special Operations Command (JSOC) of the Bulgarian Army took part in the Wise Wolf-24 multinational exercise of the..
The only medical helicopter in this country is not being used for rescue operations because its flying licence without a CVFDR - the so-called..
On Saturday , the lowest temperatures will be between 2° and 3°C; in Sofia - around minus 2°C. It will be mostly sunny during the day. Visibility will..
Partly Cloudy
Cloudy
Mostly Cloudy
Clear