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.
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 baton from the municipality of Tirana, which marked the beginning of the fourth edition of B40...
Ukraine must be given reliable and stable security guarantees as an indispensable condition for sustainable peace , says an official position of the Bulgarian Foreign Ministry on the occasion of 3 years of "Russia's unprovoked and unjustified..
Bulgarian-Ukrainian associations and non-governmental organizations are organizing marches in the evening in Sofia, Plovdiv and Veliko Tarnovo o n the occasion of the third anniversary since the start of the war in Ukraine on February 24...
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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