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.
The Police Officer of the Year Award ceremony will be held in Sofia for the 31st time. Minister of Interior Atanas Ilkov and the leadership of the Ministry of Interior will present awards to police officers and teams who have proven..
The Institute of Ethnology and Folklore Studies with Ethnographic Museum at the Bulgarian Academy of Sciences opens today the exhibition "Living Human Treasures-Bulgaria" under the dome of Sofia's Largo . The exhibition presents 44 elements of..
On Tuesday , the lowest temperatures in Bulgaria will be between minus 2 and 7°C; in Sofia - about 2° C. During the day it will be sunny and warm. Temporary increases in cloudiness will occur towards the end of the day. There will be..
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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