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.
Around 90% of the antiques seized during an international operation targeting a cultural property trafficking network will be returned to Bulgaria, Deputy Minister of Culture Todor Chobanov told “Nova TV”. “This is an unprecedented operation in..
The journalist and doyen of the Bulgarian community in North Macedonia, Vladimir Perev, was verbally and physically attacked in a shop in Skopje. He himself reported the incident in a publication on the “Tribuna” website. Perev, who is 80 years..
To mark the International Day for the Elimination of Violence against Women, a number of cities in Bulgaria will hold marches today under the slogan 'Not one more'. The Bulgarian Fund for Women (BFW) will also be taking part in the marches...
Bulgaria will not have to bail out eurozone countries that are experiencing difficulties. This is what Lilyana Pavlova, former vice..
Two billion euros in additional state guarantees and a concession of the Bulgarian Sports Totalizator are part of changes to the draft..
Bulgarian and Chinese researchers discussed scientific cooperation at a forum in Sofia on Friday, attended by representatives of the Bulgarian Academy of..
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