At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024.
Minister of Finance Assen Vassilev expects inflation to be between 3 and 4.8% in 2024, as well as 3.2-percent GDP growth. The expectation is for a GDP of 102.5 billion euros. The final parameters of the budget also depend on the tax laws that the parliament would adopt. The budget will be published for discussion, Minister Vassilev said.
The zero rate of VAT for bread and flour is preserved until mid-2024. It is proposed to keep the 9% VAT for restaurateurs and hoteliers, but only if the industry accepted electronic payment of salaries through banks. All establishments with an annual turnover of less than 50,000 euros will pay patent tax, not VAT, as the money from the tax will go to the municipalities,” Vassilev said.
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits..
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