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.
The Constitutional Court has admitted all five requests for the partial or full annulment of the elections for the 51st National Assembly, submitted by We Continue the Change-Democratic Bulgaria (PP-DB), Vazrazhdane, There is Such a People (ITN),..
New parking lots with over 1,000 parking spaces, including special areas for people with limited mobility and electric vehicle charging stations, were opened at Sofia Airport today. The parking lots are divided into short-term and..
A Bulgarian businessman has been charged by the European Public Prosecutor's Office with attempted fraud with Chinese agricultural machinery. He tried to present the machinery as Bulgarian-made. A lawsuit has been filed in the Sofia..
The flu season is expected to peak at the end of December and the beginning of January. In an interview with BNT, general practitioner Dr. Gergana..
As of next year, use of solid fuels for domestic heating in buildings which are part of central heating and gas supply networks will be banned in nine..
After the meeting with his Vietnamese counterpart Luong Cuong in Hanoi, President Rumen Radev emphasized that Bulgaria will continue to support efforts..
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