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.
During the night, the sky will be clear over most of the country. In the Danube plain, there will be weak wind from the northwest. Saturday will be mostly sunny. In the afternoon, cumulus clouds will develop over the eastern..
114 MPs from GERB-CDF, We Continue the Change - Democratic Bulgaria, DPS and 10 independents supported the government's bill on the introduction of the euro in Bulgaria in the first reading . The bill stipulates that both currencies - the lev and the..
The Constitutional Court declared unconstitutional and invalid most of the changes to the Constitution voted by the 49th National Assembly at the end of 2023. The case was initiated at the request of President Rumen Radev and 48 MPs...
A fire broke out in a fireworks warehouse complex between the town of Elin Pelin and the village of Gara Elin Pelin near Sofia, the BTA news agency..
The man injured in the explosions at a fireworks warehouse near the village of Elin Pelin has died. The doctors did everything they could, condolences to..
Bulgaria's Minister of Culture Nayden Todorov has signed two important international documents, thanks to which Bulgaria will cooperate with Australia, as..
+359 2 9336 661