According to estimates by the Institute for Market Economics, tax freedom day falls on May 20 this year. Bulgarians worked 140 days during the pandemic to pay their taxes to the treasury. Despite the coronavirus crisis, the budget revenues are expected to exceed EUR 24.3 billion and this country’s GDP is expected to reach EUR 63.6 billion. Bulgarians produce an average of EUR 174.3 million per calendar day, which means that it took them 140 days to fill the treasury.
Working Bulgarians continue to pay more and more to the treasury. Thus, the money used to pay for the anti-crisis measures, is primarily paid by the taxpayers who bear the burden of the pandemic, notes the Institute for Market Economics
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of..
The euro area annual inflation rate was 2.5% in January 2025, up from 2.4% in December 2024. In Bulgaria, it accelerated more sharply in January to 3.8%..
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