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.
GERB Leader Boyko Borissov and President Rumen Radev got into a dispute in the media over the country's new F-16 fighter jets, the first of which is already on Bulgarian soil, while the second is on its way to the country. "We paid a lot for the..
The preparation of the migration of card payments from Bulgarian leva to euros and the corresponding accession by the end of the year of the BORICA card payment system to TARGET is in an advanced phase, the Deputy Governor of the Bulgarian National Bank,..
The director of the Plovdiv customs, Miroslav Belyashki, has been detained. He was arrested for patronizing a new cigarette smuggling channel, linked to the so-called "cigarette king" Nikola Nikolov - Pascal, who has been on the run from justice in..
16 EU countries will ask to be allowed to temporarily not apply the rules on budgetary stability in order to be able to make defense spending. Bulgaria..
Russia remains the main destabilizing factor in international security, it is emphasized in the report of the Military Intelligence Service for 2024,..
25% of workers are without an employment contract, the fight against the shadow economy should be a top priority for the state. This was stated on the..
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