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.
A delegation of the nationalist party "Vazrazhdane" has been on a visit to Washington for two days. It includes Stanislav Stoyanov - chairman of the European party "Europe of Sovereign Nations" and deputy chairman of the parliamentary group of the ESN..
In 2024, 93.3 million people in the EU (21.0% of the population) were at risk of poverty or social exclusion , according to data from the European statistical office Eurostat. According to this indicator, Bulgaria ranks first with 30.35%,..
The overall business climate indicator in Bulgaria has increased in April by 1.1 points compared to March to a level of 21.5 , the National Statistical Institute announced. An improvement in the indicator was registered in industry by 4.8 points to..
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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