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 reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by Deputy Prime Minister and BSP leader Atanas Zafirov. He said that he had discussed the fate of the two..
In Sofia's Zaharna Fabrika neighbourhood, in the Ilinden municipality, the authorities have begun demolishing illegal structures inhabited by members of the Roma community. The municipality assures full cooperation with the citizens. The demolition..
Having made a triumphant return to EXPO 2025 in Osaka, Japan, after 55 years, Bulgaria's pavilion at the world expo is enjoying huge interest. "The investment interest of Japanese entrepreneurs shows that we are on the right track," said Deputy..
Five out of seven paediatricians at the capital's Fifth Multiprofile Hospital for Active Treatment "Knyaginya Klementina" have submitted their resignations..
Public transport workers in Sofia, Varna and Ruse took to the streets of the capital under the slogan “Decent work – decent pay! Without transport there..
Bulgarians, especially young people, need to understand that it is essential to have an employment contract to protect their labour rights, Labour and..
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