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.
Bulgaria’s draft social security budget indicates that the minimum wage from 1 January 2026 will be lower than the level set out in the Labour Code , BNR “Horizont” reports. According to sources, the minimum wage will be €605 rather than €620 (BGN..
Bulgaria’s Vertical Gas Corridor project is on track for completion by the end of 2026 , according to Energy Minister Zhecho Stankov, who stressed that it would help the country maintain its strategic position in South East Europe. Accompanied by..
Bulgaria’s coalition parties have agreed to introduce a rotating chairmanship of the National Assembly. At today’s joint governance council meeting, members also discussed next year’s draft budget. Kostadin Angelov, Deputy Chairman of..
 Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Clear
								Clear Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly Cloudy Partly Cloudy
								Partly CloudyThe necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
 
	+359 2 9336 661
