Every second active company in Bulgaria does not have even a single employee and only its owner works in it, a survey of the National Statistical Institute shows. Every newly-established company functions for slightly less than one year on average, the survey further shows. In 2016 the number of sole proprietorship companies amounted to nearly 170,000, or 48.8% of all 347,000 companies in Bulgaria. Nearly 127,000 companies, or just over a third of all functioning companies, employ up to four people. Only 7.9% of the companies employ over ten people, NSI informs.
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
On 2 July, Bulgarian President Rumen Radev is to take part in the opening of the 28th Annual Economist Government Roundtable, the Bulgarian news agency BTA reports. The international forum brings together state leaders from Greece and the region,..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
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