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.
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
Bulgaria ranks 58th out of 67 countries in the World Competitiveness Yearbook of the Institute for Management Development (IMD), Switzerland. The country has shown a lack of progress since 2021 and dropped 10 positions compared to 2020 and 20..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according..
sunshine, cloud, rain and thunder
Partly Cloudy
Mostly Cloudy
Partly cloudy, chance of rain