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.
Bulgaria will continue to provide military assistance to Ukraine, caretaker Minister of Defense Atanas Zapryanov said at a meeting with the Ukrainian Ambassador to Bulgaria, Olesya Ilashchuk, the Ministry of Defence announced. Minister Zapryannov..
The Ruse-Giurgiu ferry line and the future third bridge over the Danube River will be part of the military infrastructure of the South-North military corridor, caretaker Minister of Defence Atanas Zapryanov said in response to a question by MP Martin..
Caretaker Minister of Environment and Water Petar Dimitrov held a video conference with Romania's Minister of Environment, Water and Forests Mircea Fechet and Ukraine's Minister of Environmental Protection and Natural Resources Svitlana Grynchuk. The..
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..
The coalition GERB-SDS has begun negotiations with the other parliamentary formations for the election of a regular cabinet within the 51st National..
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