A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups.
According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.
On Saturday, minimum temperatures will range from 13 to 19 °C . In Sofia, it will be 15 °C. Sunny weather will prevail with temporary cloud cover increasing in the afternoon. Maximum temperatures will rise to between 28 and 33 °C. In the capital, it will..
A global leader in the production of robotic and minimally invasive surgical equipment has officially opened a new manufacturing facility in Parvomay , Plovdiv Province, as part of its planned expansion in Europe, BNR Plovdiv reports. The American..
'It is blatantly untrue that the contract with the Turkish state-owned company Botas is not being put into use." President Rumen Radev stated this to journalists at the Krumovo Air Base. The terminal in Alexandroupolis has not been operational..
On Saturday, minimum temperatures will range from 13 to 19 °C . In Sofia, it will be 15 °C. Sunny weather will prevail with temporary cloud cover..
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