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.
An expert cabinet is the only possible option in a political crisis. This position was expressed by the chairman of the parliamentary group of ITN party Toshko Yordanov at the consultations with President Rumen Radev on forming a government. "The most..
An alert of the highest threat level issued by one of the most influential intelligence services in the world is the reason why the home of GERB leader Boyko Borissov is guarded by snipers . This is how he responded to the question of the PP-DB party..
Caretaker Prime Minister Dimitar Glavchev rejected the request of PP-DB to be heard in the National Assembly and will not speak at today's parliamentary session. The coalition insisted that the prime minister explain the reasons for the dismissals and..
On Tuesday it will be mostly sunny before noon, with light to moderate east-northeasterly winds in the afternoon. Maximum temperatures will be between..
2023 was another year in which high-level corruption in Bulgaria remained under the radar, as the criminal proceedings conducted did not reflect the true..
"We are gradually starting to equip the trains with electronic devices for selling tickets," BDZ Passenger Transport manager Ventsislav Slavkov said,..
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