Nearly 25% of Bulgaria’s economy is in the gray sector, data of a research of the Center for the Study of Democracy show. The gray sector represents the services which are yielding profit, yet that profit is not officially registered. According to the report, the levels of shadow economy have been decreasing over the past 15 years. The Bulgarian tax offices managed to reduce the share of gray economy. Traditionally, highest shares of shadow economy are registered in agriculture the service sector and construction, where levels of seasonal employment are high and tax inspections are made more difficult.
Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in..
Artificial intelligence is now built entirely from classical computers with algorithms, while artificial intelligence based on quantum computers will be much faster and more functional , says doctoral student Ivo Mihov from the Center for Quantum..
The Bulgarian Sunday school "Priest Alexander Cikirik" in the town of Edirne close to the Bulgarian-Turkish border is now attended by 55 children. It was opened in 2017 at the Consulate General of Bulgaria. In one school year, the children there..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
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