A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups.
According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.
The Bulgarian and Turkish Chief Prosecutors, Borislav Sarafov and Muhsin Şentürk, held an official meeting in the Court House in Sofia . This is Muhsin Şentürk's first official visit to Bulgaria since taking office and follows the visit of a delegation..
Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and Social Policy Minister Borislav Gutsanov said in Varna. He noted that the informal economy in..
Five out of seven paediatricians at the capital's Fifth Multiprofile Hospital for Active Treatment "Knyaginya Klementina" have submitted their resignations over low salaries, said Dr Tatyana Dolomanzhi, a resident doctor at the health facility. The doctors,..
On Sunday, the lowest temperatures will range between 1°C and 6°C, around 2°C in Sofia. During the day, it will be mostly sunny, with temporary..
Protests demanding safer roads following the death of 12-year-old Siyana Popova took place across the country. Thousands of people gathered in the..
The relations between Bulgaria and Turkiye—friendly, cooperative and steadily built over decades—are a guarantee for protecting not only national but..
Overcast, rain
Mostly Cloudy
Partly Cloudy
Cloudy