Progressive income taxation allows a country's resources to be shared more successfully with society. The 10% flat tax has played its role in shedding light on incomes, but it's time to replace it, Kristalina Georgieva, managing director of the International Monetary Fund, told BTA.
Speaking about the expectations for Bulgaria's entry into the Eurozone, she said that despite the upcoming elections, when there is unity between the main political forces, the goal can be achieved and this chance should not be missed.
"Bulgaria, like the rest of the world, has made the fight against inflation a priority and has achieved quite a lot. Inflation continues to fall and we expect to see it by the end of the year in the range of around 3 percent. "Sofia has a way to meet the requirements for entering the Eurozone," Georgieva added.
The National Assembly voted, at second reading, to give the go-ahead to cooperation with the US for the construction of reactors 7 and 8 of the Kozloduy Nuclear Power Plant. Parliament greenlights nuclear project with US technology..
"Bulgartransgaz" has announced a public procurement for "Organizational planning, investment design, supply of necessary materials and equipment, construction and commissioning of new facilities for the expansion of the gas..
The head of the regular mission of the International Monetary Fund in Bulgaria, Jean-Francois Dauphin, has presented the results of the review of the Bulgarian economy and financial system . The fund's mission began on March 6 and ends today...
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the..
The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit..
sunshine, cloud, rain and thunder
Partly Cloudy
Thunderstorms 
Partly cloudy, chance of rain