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.
Employees of the Road Infrastructure Agency will hold a protest action today at 12:00 under the slogan "Decent work - decent pay" demanding higher wages. The protest is organized by the two largest trade unions in Bulgaria - the Confederation of..
The Speaker of the National Assembly, Natalia Kiselova, is on a working visit to Albania to participate in the Parliamentary Assembly of the South East European Cooperation Process, at which the Bulgarian Parliament will assume the presidency of the..
On Tuesday before noon, sunny weather will prevail over Southern Bulgaria. There will be more significant cloudiness over the Danube Plain. In the afternoon, rainfalls are possible in some places. There will be moderate to strong..
The second F-16 Block 70 aircraft of the Bulgarian Air Force is now at the Third Air Base in Graf Ignatievo, the press center of the..
The ruling coalition is preparing electricity price hike despite assurances that there would be no change for consumers, “We Continue..
President Rumen Radev is leaving for an official visit to the Republic of Kazakhstan and the Republic of Uzbekistan, BTA reports. The..
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