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 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 of the Bulgarian Food Safety Agency in Sofia. Experts from the European Commission are expected..
The coalition GERB-SDS has begun negotiations with the other parliamentary formations for the election of a regular cabinet within the 51st National Assembly. The meetings are being held before President Rumen Radev hands the first exploratory mandate..
Caretaker Prime Minister Dimitar Glavchev has once again confirmed Bulgaria's position on the accession of the Republic of North Macedonia to the EU. The topic was discussed in a telephone conversation between Glavchev and President..
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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