A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups.
According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.
On Wednesday , the lowest temperatures in Bulgaria will be between 0 and 5°C; in Sofia - about 0°C. Sunny weather will prevail during the day, with temporary increases in cloudiness in the afternoon. There will be moderate..
Hungarian Prime Minister Viktor Orbán will visit Bulgaria this Friday 20 December, according to BGNES and a number of other Bulgarian media. The information has not yet been confirmed by the Bulgarian authorities. "Welcome Viktor Orban to Bulgaria...
There is no risk of pollution of the Black Sea in the area of the Bulgarian exclusive economic zone from the oil spill in the Kerch Strait, after the incidents with two Russian tankers there. This is what Flotilla Admiral Prof. Kalin..
The results from the laboratory in Montpellier confirm the presence of sheep and goat plague in the herds in Velingrad . This became clear at a briefing..
An exhibition titled: "International Bat Night at the Museum: From Myths and Legends to Science and Personal Experience" will open today at the..
The first mandate for forming a government will be handed over after New Year’s Day, if this week is used for talks between the..
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