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 Bulgarian Embassy in Israel said on its Facebook page that due to the situation in the country, the extended state of emergency and the instructions issued by the Israel Defense Forces, the Embassy’s Consular Service in Tel Aviv is suspending its..
Green Transition Forum 5.0 , dedicated to green innovation and sustainable development in Central and Eastern Europe, is taking place at Sofia Event Centre as of today until 20 June. The forum has the ambition of bringing together European and..
Roxana Minzatu, European Commission Executive Vice-President for skills, education, quality jobs and social rights is arriving on a two-day visit to Bulgaria, the Bulgarian news agency BTA reports. She will hold meetings with PM Rosen Zhelyazkov,..
Just a week after receiving the positive convergence reports on Bulgaria’s entry into the Eurozone, all major financial funds have stated their..
Holding elections after entry into the Eurozone would be catastrophic for Bulgaria and would mislead our colleagues in Europe who have been treating..
“I am in constant contact with the security services, all possible routes and evacuation approaches are being considered,” President Rumen Radev told..
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