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.
On Tuesday, the lowest temperatures will range from 0°C to 5°C, higher along the Black Sea coast – between 8°C and 11°C, around 2°C in Sofia. During the day, Southwestern and Eastern Bulgaria will see scattered mid- and high-level clouds. Over the..
“Bulgaria remains a firm supporter of Ukraine’s efforts to achieve a just and lasting peace that guarantees its sovereignty and territorial integrity”, Minister of Foreign Affairs Georg Georgiev said at the opening of the 66th Session of the General..
Bulgaria will not have to bail out eurozone countries that are experiencing difficulties. This is what Lilyana Pavlova, former vice president of the European Investment Bank, told the Bulgarian National Radio. "In the contracts we..
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..
Rain
Mostly Cloudy
Scattered showers
Cloudy
Cloudy
Overcast, rain