At a meeting with bread producers in Dobrich, President Rumen Radev said that the Value Added Tax on bread should be reduced to 9%. According to him, this strategic decision would lead to effectiveness in the fight against the gray economy. The head of state also said that it was good to consider extending the scope of the 60/40 measure, so that larger bread companies could also benefit from it. "It is critical that the government established a good dialogue with large retail chains and ensured protection for the Bulgarian producer," Rumen Radev said.
"Reducing VAT will not lower the price of bread, as we have already seen it in the restaurant sector," Minister of Finance Assen Vassilev said. He recalled that the coalition agreement did not provide for differentiated tax rates other than those already introduced during the Covid epidemic.
Sofia Mayor Vasil Terziev and Deputy Mayor of Sofia for Finance Ivan Vasilev met in Bulgaria's capital with the European Bank for Reconstruction and Development Associate Director Donald Mishaxhiu. The purpose of the meeting was to explore..
Hristo Stoichkov has been appointed the Sports Tourism Ambassador for the World Tourism Organization (UN Tourism). This became clear at an official meeting in the Council of Ministers between Prime Minister Rosen Zhelyazkov, Minister of Tourism..
The second payment from the EU under the National Recovery and Resilience Plan of 653 million euros will certainly be refused, even though Bulgaria has implemented 85% of the reforms undertaken to this stage. This was stated at a briefing by Deputy..
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Bulgaria is to take part in common procurement procedures in the sphere of defence at an EU level, under projects for the acquisition of IRIS-T air..
“There is no change, Bulgarian troops are not going to be sent to Ukraine,” said PM Rosen Zhelyazkov in a comment about the meeting between US..
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