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.
During the night, the weather over most of the country will be clear and calm. Temporary increases in cloudiness are expected over the central and eastern parts of Bulgaria. It will be mostly sunny on Sunday. Cumulus clouds will develop in the..
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Sofia’s South Park II hosts the fifth edition of the Asian Festival dubbed “United in Diversity”. The event attracts a large Bulgarian and international audience and becomes a true celebration of Asian cultures. The festival is organized by the..
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According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
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