About 30,000 to 50,000 companies are registered annually in Bulgaria. 90% of them fail and are not operational. Changes to the Commerce Act, which simplify the procedure for closing "dormant companies", have been published for public discussion. The aim is to ease the closure of thousands of companies that have never had a business, employed no staff and are not registered under VAT. Now the procedure takes from 1 to over 5 years.
The changes envisage that the process would take a one-stop visit to the Registration Agency. The applicant will declare that they have no activity in the past 12 months, have not hired staff during this period, have no VAT registration, and have no debts to the state, municipalities or to the revenue agency.
In the summer of 2024, a Sofia municipality and its residents showed how we can be happy and united as a community, sitting at one table. In July 2024, on Exarch Yosif Street and in September on Oborishte Street in the Bulgarian capital Sofia, the first..
The Garlic Festival will be held on September 21 and 22 at the stadium in the village of Dolni Rakovets, Radomir Municipality, Pernik Region . The event presents the traditional production of Dolni Rakovets garlic. Due to the favorable soil..
The Eldrive EV Fest 2025 will be held today at the Burgas Sea Station. The event is dedicated to electric cars and its program includes test drives, presentations of new models and an evening show. Visitors will be able not only..
The government of Prime Minister Rosen Zhelyazkov survived a fifth vote of no confidence, this time on the topic of "Internal Security and Justice." 133..
On Friday, the minimum temperatures in Bulgaria will be from 6 to 14°C, in Sofia - 7°C. During the day it will be sunny. A light to moderate wind will..
On Saturday the lowest temperatures will be between 8 and 16°C; in some valleys – between 6° and 9°C, in Sofia – about 8°C. During..
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