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 Thursday, the cloud cover will increase significantly, and rain showers will begin. There will be moderate winds. Strong and gusty westerly and northwesterly winds are expected in the Danubian Plain and the western part of the Upper Thracian Plain...
Sofia public transport workers will protest on Monday, April 14, demanding increase in wages . The decision to protest was made after meetings between the industry and the Sofia Municipality. The transport workers do not agree with the municipality's..
On April 9 and 10, Bulgaria's President Rumen Radev participated in the Delphi Economic Forum in Greece . The event brings together heads of state and government, representatives of academia, business and the non-governmental sector, who discuss the..
The path to the economic prosperity of the Roma people goes through cultural legitimacy, says Ognyan Isaev, director of the Educational Opportunities..
The personnel crisis in the tourism sector has reached critical levels, with various data indicating that up to 70% of tourist sites..
The Ministry of Justice has published for public discussion a package of legislative changes against delay in serious road accident cases. These..
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