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.
It will be windy on Monday. The weather will be mostly sunny, with more significant increase in cloudiness in the afternoon hours over northern Bulgaria. The lowest temperatures will range from minus 3°C to 2°C, around 1°C in Sofia. Daytime highs..
For the third consecutive year, the Christmas card of the presidential institution in Bulgaria has been drawn by a talented young artist from the town of Polski Trambesh (Central North Bulgaria). The diplomatic corps and all institutions in the..
Cocaine worth USD 7 million was found on a ship at the Burgas port, the Ministry of Interior said. The vessel, with a capacity of 15,000 metric tons, arrived from Peru. Its 11-member crew has been detained. The ship was loaded with copper concentrate,..
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..
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..
Vice President Iliana Iotova said in Pernik that she is optimistic about the formation of a regular cabinet. "Yesterday's talks..
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