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.
Construction of the National Children's Hospital will begin in June next year , interim Prime Minister Dimitar Glavchev said at a briefing. The hospital will have 26 wards and about 400 beds . It will provide complex care for young patients. "The..
A fire broke out in the Varna office of a party which was represented in the last National Assembly and which is contesting the forthcoming elections on 27 October. The premises, located in a building in the centre of the city, were completely burnt..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication between the tower and the plane . This is shown by the recordings of the conversations between the..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication..
A letter of intent covering military activities between Turkiye, Romania and Bulgaria was signed in Brussels by the defence ministers of the three..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
Partly Cloudy
Clear