The turnover of Bulgaria’s gray economy amounts between EUR 12 billion and EUR 13 billion per year, data of the Confederation of the Independent Trade Unions in Bulgaria show. The share of shadow economy in this country’s economy is nearly 20%, mainly in trade, agriculture and auto repair activities, the President of CITUB Plamen Dimitrov said. The gray economy kills the competition and the human rights, Plamen Dimitrov pointed out and added that the Confederation of the Independent Trade Unions in Bulgaria has made proposals for legislative amendments aimed at limiting undeclared employment and shadow economy.
Bulgaria’s National Assembly approved at second reading amendments to the Investment Promotion Act. Under the changes, the assets of the Russian company Lukoil in Bulgaria can be sold only after a decision by the Council of Ministers and following a..
Bulgaria’s Prime Minister Rosen Zhelyazkov is convening a working meeting with ministers in connection with the United States’ decision to impose sanctions on Rosneft and Lukoil. The meeting is scheduled for 11:00 a.m. on Friday. Premier Zhelyazkov..
The Festival of Elena Dry-Cured Ham which will take place from October 24 to 26 in the town of Elena, offers a rich folklore program, competitions, demonstrations and tastings, the organizers from the Municipality of Elena and the Local Tourism Council..
By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money..
The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
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