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.
Bulgarian football legend Hristo Stoichkov will pay his first official visit to Moldova from 15 to 17 April, reports BTA. He arrives as an ambassador for FIFA's Football for Schools programme , which aims to develop youth sport. His programme..
A contract for the search and exploration of oil and natural gas deposits in the Khan Tervel Block 1-26, located in Bulgaria's exclusive economic zone in the Black Sea, will be signed at an official ceremony in Sofia today. The agreement will be..
"In recent years, the collective body of the DPS has had serious problems - as a collective way of life, as a way of making decisions, as a relationship with living people, living voters, with the relevant serious problems and the..
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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