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 Ministry of Agriculture and Food and the Agricultur al Academy presented Bulgaria's innovation and scientific potential in agriculture during the theme week "Necessities for L ife: F ood, C lothing and S helter", which takes..
Employees of the Road Infrastructure Agency blocked the road to Danube Bridge-2 in Vidin, the Bulgarian National Radio’s reporter Anzhela Kamenova informed. They demand a wage increase of at least 10%. At exactly 12:00 pm the protesters closed the..
A cargo ship carrying agricultural fertilizers got stuck in shallow waters near the entrance channel of the port of Burgas while performing a maneuver. The ship, flying the Liberian flag, can be seen from the public access area..
President Rumen Radev is leaving for an official visit to the Republic of Kazakhstan and the Republic of Uzbekistan, BTA reports. The..
The second F-16 Block 70 aircraft of the Bulgarian Air Force is now at the Third Air Base in Graf Ignatievo, the press center of the..
Bulgaria and Kazakhstan will work on the development of the Trans-Caspian international transport corridor, known as the "Middle Corridor". This was..
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