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.
On Wednesday , the lowest temperatures will be between 16 and 19°C; in Sofia - about 16°C. During the day it will be mostly sunny. In the afternoon, clouds will form again over Western Bulgaria and the Danube Plain and in some..
Young people in Bulgaria are ready to be part of the change, but they do not believe that they are given the opportunit y, indicate data of a national survey conducted by Research Center Trend, which was presented today by the association..
17,603 dogs were caught in the country in 2024 under municipal programmes to control the stray dog population. 3,778 of them, or nearly 22%, were adopted, according to the report on the implementation of the 2024 N ational Programme f or C..
The Ministry of Agriculture and Food and the Agricultur al Academy presented Bulgaria's innovation and scientific potential in agriculture during..
A cargo ship carrying agricultural fertilizers got stuck in shallow waters near the entrance channel of the port of Burgas while..
Young people in Bulgaria are ready to be part of the change, but they do not believe that they are given the opportunit y, indicate data of a..
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