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.
Students from elite universities from all over the world have submitted applications for a summer internship at the Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University. INSAIT..
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Minister of Interior Daniel Mitov has met with his colleagues from Romania - Cătălin Marian Predoiu, Croatia - Davor Bojinovic, and..
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