Bread will not be taxed with VAT, the parliamentary budget committee, which is debating the second reading of the state budget update, has decided.
The committee, however, rejected the proposal of GERB and Vazrazhdane parties to reduce the tax on oil, fruit, vegetables and other agricultural products from 20 to 9%. Outgoing Finance Minister Assen Vassilev commented that the lower rate would lead to serious losses for the treasury, while the effect would be doubtful.
The draft budget update also envisages an increase in the state debt limit to BGN 5.2 billion. The financial framework is calculated at an inflation rate of 11.9% and economic growth of 2.9%.
A protest took place in Velingrad in support of the farmers whose flocks of sheep have been quarantined because of positive tests for sheep and goat plague. To stop the spread of the disease, access to the area around the farms has been..
Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..
The average gross annual salary in Bulgaria in 2023 is 24,485 BGN (EUR 12,519) which is an increase of 15.3% compared to 2022, according to data from..
The Democrats for a Strong Bulgaria (DSB) are to nominate the party’s leader Atanas Atanasov for president of the 51 st National Assembly...
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey..
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