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 1 November, Bulgaria’s National Awakeners' Day, Sofia’s Gina Kuncheva Square will come alive in a truly remarkable way. From midday, the Oborishte Municipality and the Buditelkite Foundation will unveil the country’s first interactive outdoor museum,..
On the Day of National Awakeners, the Presidential Administration will open its doors to citizens. Today, at 10:30 a.m., a ceremony to raise the national flag of Bulgaria will be held in front of the presidential institution building...
A number of events are being held throughout Bulgaria to mark the Day of National Awakeners. On the day we pay tribute to the Bulgarian writers, educators and fighters for national liberation who have preserved the spiritual values..
The National Assembly has temporarily banned the export and intra-EU delivery of petroleum products, mainly diesel and aviation fuel. The decision was..
The Russian Federation has not demonstrated readiness to achieve peace. The Black Sea is a border zone with war. It must have the..
On Saturday , the lowest temperatures will be between 3 and 8°C; at the Black Sea coast up to 10°C. In Sofia it will be around 3°C...
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