Bulgaria places second in the EU, together with Latvia, in terms of lowest tax revenue/gross domestic product ratio. In those two countries the tax revenue/GDP ratio amounts to 27.9%. Only in Lithuania the tax revenue/GDP ratio is lower-27.2%, data of the European Parliament about the EU states’ tax systems show. On the other hand, in The Netherlands, Belgium, Sweden, and Finland the GDP/tax revenue ratio is highest. Data of the EP also shows that the highest amount of revenues in Bulgaria’s treasury is collected from taxes levied on consumption. The value added tax in Bulgaria (20%) is among the lowest in the whole EU and only Germany, Cyprus, Malta and Luxembourg have lower VAT. On the other hand, Hungary has the highest VAT-27%, followed by Denmark, Croatia and Sweden with 25%. VAT in Romania and Finland amounts to 24%. In Romania, however, VAT on food was reduced to 9%.
Due to force majeure and a planned national holiday on Tuesday, flights FB 407/408 on the Sofia – Brussels – Sofia route have to be cancelled at Brussels Airport. Bulgaria Air announced this on its Facebook page, citing an official statement issued by..
A joint research laboratory of LB Bulgaricum and the Japanese company Meiji will be opened in the first half of 2026 . It will develop new products and study the benefits of traditional Bulgarian yogurt. This was announced after the Minister of Economy..
Candidates for EU membership must abide by the criteria and conditions they have agreed to themselves . This was stated by Bulgarian Foreign Minister Georg Georgiev after a meeting in Sofia with his German counterpart Johann Wadephul, BGNES..
The Ministry of Innovation and Growth is hosting a discussion on the topic "The Eurozone as part of the path to economic transformation". The press..
A themed exhibition dedicated to the pumpkin is one of the highlights of the traditional "Autumn Encounters with Plants" and the Days of Autumn..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the..
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