Taxes in Bulgaria will have to be raised at the end of next year, Krassen Stanchev, founder of the Institute for Market Economics said for bTV.
He stated that the rise in taxes is in response to the expectations of creditors for the country to pay off the loan taken out. In his words “around 2.5 million Bulgarians are feeding 3.5 million, and themselves”. Around 0.9% of the GDP is envisaged for the private sector which is 2.5 times less than the money for pensioners, Krassen Stanchev said.
Torrential rain flooded underpasses in Varna and caused landslides in various regions of the country. In Veliko Tarnovo (Central Bulgaria), the Yantra River has reached 2 meters and 20 centimeters, which is close to the critical level, but there is no..
The International Exhibition "Cultural Tourism" will bring together participants from Bulgaria and abroad from October 8 to 10 in Veliko Tarnovo, BTA reports. The event, now being held for the 20th time, combines two key aspects of life in the..
Lecturers from the National Academy of Art – Burgas Branch open their new creative season with the exhibition "Together". Their works are displayed in the Atelier Gallery in Magazia 1 at the Port Complex Burgas. The lecturers present a joint..
The European Commission has brought legal action against Bulgaria at the European Court of Justice (ECJ), arguing that the country has not fully..
A study by the Institute of Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University “St. Kliment Ohridski” has been..
On Thursday, 9 October, cloud cover will remain heavy over the eastern half of the country . Many areas will see rain in the morning, but showers will..
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Partly cloudy, chance of rain