About 30,000 to 50,000 companies are registered annually in Bulgaria. 90% of them fail and are not operational. Changes to the Commerce Act, which simplify the procedure for closing "dormant companies", have been published for public discussion. The aim is to ease the closure of thousands of companies that have never had a business, employed no staff and are not registered under VAT. Now the procedure takes from 1 to over 5 years.
The changes envisage that the process would take a one-stop visit to the Registration Agency. The applicant will declare that they have no activity in the past 12 months, have not hired staff during this period, have no VAT registration, and have no debts to the state, municipalities or to the revenue agency.
The foreign ministers of Bulgaria and Greece Georg Georgiev and Giorgos Gerapetritis signed a joint declaration on the use of the waters of the river Arda on 2 May, the BNR reports citing an announcement published by the Greek Foreign Ministry...
“The narrow interpretation of the concept of Gagauz Bulgarians, as set down by the Ministry of Justice, hampers the restoration of the Bulgarian citizenship of the Gagauz in Ukraine and Moldova . Issuance of Bulgarian citizenship is frequently..
The Bulgarian national flag has been desecrated in Skopje. The ribbons have been ripped off the wreathes laid at the grave of Gotse Delchev, Bulgarian revolutionary and freedom fighter from the geographic region Macedonia. This act took place in the..
When Bulgaria adopts the euro, people will be able to withdraw money from ATMs only in the new currency, according to the website of the Bulgarian..
From today until May 6, helicopters of the Bulgarian Air Force will fly at low altitude over Sofia in preparation for a military parade marking the Day..
There will be no military equipment at the festive parade on May 6— The Day of Valor and the Bulgarian Armed Forces. However, about 700 servicemen will..
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