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 Administrative Court in the Republic of North Macedonia has ruled in a second instance that Bulgarian MEP Andrey Kovatchev was lawfully not allowed into the country on May 6, 2023 , BGNES reported. The reasons are that he undermined “the..
The Basic Court in Bitola has handed down a suspended sentence of 1 year with a probationary period of 2 years in the case against Ljubcho Georgievski, chairman of the defunct Ivan Mihaylov Cultural Club , his lawyer Naser Raufi told BTA. Ljubcho..
Thirty teams from 5 countries will vie for the trophy of the 16 th edition of the cup of the football tournament St. Nikola (St. Nicolas) – patron saint of the seaside city of Burgas, and of sailors, the Bulgarian news agency BTA reports. The..
Bulgarian mother Mika Koleva and her children were forced to leave Northern Ireland after her home in Ballymena, County Antrim, was attacked by..
Only 6% of Bulgarians lead a healthy lifestyle, according to a sociological survey conducted by the Research Center Trend, commissioned by the Health..
“We are witnessing an intensification of the Russian hybrid war against Bulgaria,” Assoc. Prof. Momchil Doychev, co-chairman of the Atlantic..
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