There is agreement within the ruling coalition on reducing VAT on the prices of bread, fruit and vegetables, Minister of Economy Korneliya Ninova said, adding that a zero VAT rate is even being debated.
The Bulgarian Socialist Party is proposing that the reduced revenues from VAT be compensated for by taxing the excess profits of the energy companies – both state-run and private. For a definitive decision to be made, however, the estimates of the Finance Ministry must be seen first. Korneliya Ninova stated further that there is disagreement among the partners from the ruling coalition on two issues – the introduction of a tax-free threshold for incomes, and a price cap for some commodities. According to her, introducing a price ceiling will not result in any market shocks.
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..
Bulgaria’s President Rumen Radev discussed ways to boost trade and investment between Bulgaria and Poland during a meeting with representatives of..
In an open letter to Prime Minister Rosen Zhelyazkov and the Ministers of Agriculture, Finance and Economy, the Bulgarian Farmers' Union calls for new..
The second F-16 fighter jet is expected to arrive in Bulgaria within days, said Defense Minister Atanas Zapryanov during a lecture to students at the..
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