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.
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the Eurozone is unconvincing, the Bulgarian news agency BTA reports. 60.1% of the respondents say that by..
"We are following with deep concern the latest developments in the Middle East and the escalation of tensions between Israel and Iran . Bulgaria is concerned about any actions that increase the risk of a broader conflict in the region" ,..
25 Bulgarians who are staying in Israel for a short time have sought assistance from the embassy in Tel Aviv , Slavena Gergova, Bulgaria's ambassador to the Jewish state, told BNR. Bulgaria's Foreign Ministry calls on Bulgarian citizens in..
Bulgarian citizens in the territory of the State of Israel are advised to remain calm, strictly adhere to the instructions of the Israeli Civil Defense ,..
According to a survey by sociological agency Sova Harris conducted in June, the government’s information campaign on the country’s entry into the..
“The military conflict between Israel and Iran is a threat to the security of the entire region,” said PM Rosen Zhelyazkov and expressed the hope..
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