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 government has approved a new program to support organizations of Bulgarian communities from Albania, Serbia, Kosovo, Ukraine and Moldova and citizens of North Macedonia with Bulgarian identity for the period October 15, 2025 - December..
Varna is hosting the 18th Black Sea Tourism Forum on the topic "Positions of the Bulgarian Black Sea coast in the tourism market - challenges and prospects". The organizer of the discussions, which will take place on October 30 and 31 in our Black Sea..
On Thursday, the minimum temperatures in Bulgaria will be from 1 to 6°C, in Sofia - 2°C. The temperatures in the valleys will be slightly lower in the morning, where there will be conditions for frost. In the hours before noon, it will still be foggy..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
Partly Cloudy
Clear