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.
Sixth-grader Mira Koseva won the title of "Global Winner" at the Kangaroo Global Linguistics 2024. She placed first in level A1 and won the highest award for Bulgaria, the Ministry of Education and Culture announced. Mira studies..
In the early hours of October 19, 2024, Unit 6 of the Kozloduy NPP will be shut down for planned annual maintenance that is expected to last until the end of November. During this time, the planned repair works and recharging of the..
On Monday, October 21, repair works will start in the Romanian section of the Danube Bridge linking Ruse and Giurgiu , the Romanian authorities report. The facility will not be closed completely, BNR correspondent in Ruse, Asya..
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 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..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
+359 2 9336 661