The tripartite cooperation council did not reach accord on extending the differentiated VAT rate until the end of the pandemic.
The caretaker cabinet wants the tax to be 9% for food and non-alcoholic beverages served at eating and drinking establishments, baby products, books, tour operator services and use of sports facilities. The Bulgarian Industrial Association is insisting on the introduction of a lower VAT rate for all food and non-alcoholic beverages. The Finance Ministry says that this will mean more than 500 million euro less for the treasury. The TUs are demanding a reduction of VAT overall from 20% to 15% and oppose the differentiation.
The biggest trade union in the country, the Confederation of Independent Trade Unions in Bulgaria, warned there will be protests if there are 15% staff cuts in public administration, as proposed by former Minister of Finance Assen Vassilev from We Continue the Change.
In 2024, the gross domestic product of Bulgaria increased in real terms by 3.4% compared to the previous year, according to data by the National Statistical Institute, BTA reported. Gross national income at market prices last year..
Suspicions of large-scale fraud with EU funds in a project to build a mussel farm in the Black Sea – southeast of Cape Emine in the municipality of Nessebar, have prompted an investigation by the European Public Prosecutor’s Office...
President Rumen Radev welcomed Hungarian President Tamás Sulyok in Smolyan. The guest visited the Bulgarian home of Hungarian poet, translator and artist László Nagy in the city in the Rhodopes. On October 20, the two presidents held..
On Tuesday , the lowest temperatures will be between 2 and 7°C. In the valleys and high fields the temperature can drop to minus 2°C;..
Bulgaria, Greece and Romania have finalized a memorandum for joint cooperation on new transport projects, said European Commissioner for..
The European Public Prosecutor’s Office has carried out searches in the Municipality of Plovdiv and in a company suspected of public..
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