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 appreciates Oman's important role in de-escalating tensions and achieving stability and lasting peace in the region. This is according to Head of State Rumen Radev. He awarded the Presidential Medal of Honour to the visiting Omani Foreign..
In recent weeks, the low level of the Danube has not impacted the normal operation of Bulgaria's sole nuclear power plant, Kozloduy, which comprises two units. This information was announced in a press release by the plant. On 4 July 2025, the..
One person was arrested by the police for hooliganism during the protest in defence of the Bulgarian lev organized by the "Vazrazhdane" party, held in Sofia this afternoon, the police reported. Another protester was taken away by the..
Bulgaria appreciates Oman's important role in de-escalating tensions and achieving stability and lasting peace in the region. This is according to Head of..
In recent weeks, the low level of the Danube has not impacted the normal operation of Bulgaria's sole nuclear power plant, Kozloduy, which comprises two..
On Saturday , the lowest temperatures will be between 15 and 23°C. In Sofia - about 18°C. During the day, it will be sunny and hot..
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