Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its role in shedding light on incomes, but it's time to replace it, Kristalina Georgieva, managing director of the International Monetary Fund, told BTA.
Speaking about the expectations for Bulgaria's entry into the Eurozone, she said that despite the upcoming elections, when there is unity between the main political forces, the goal can be achieved and this chance should not be missed.
"Bulgaria, like the rest of the world, has made the fight against inflation a priority and has achieved quite a lot. Inflation continues to fall and we expect to see it by the end of the year in the range of around 3 percent. "Sofia has a way to meet the requirements for entering the Eurozone," Georgieva added.
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
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