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.
In September, Bulgaria was mentioned as a country connected with dangerous food 7 times, indicate data of the European Rapid Alert System for Food and Feed (RASFF), BNR’s Vesselina Milanova reports. Over the same period this country has reported..
The legal heirs of the people who lost their lives during the flooding in the region of Burgas at the beginning of October will receive 15,000 leva (EUR 7,670), the government has decided, BGNES reports. The 60,000 leva (EUR 30,679) needed has been..
The tendency of Bulgarians returning from abroad is permanent. This became apparent during the forum “Europe is with me”, organized by the Ministry of Labour and Social Policy’s Human Resources Development Programme, the Bulgarian news agency BTA..
In September, Bulgaria was mentioned as a country connected with dangerous food 7 times, indicate data of the European Rapid Alert System for Food and..
The legal heirs of the people who lost their lives during the flooding in the region of Burgas at the beginning of October will receive 15,000 leva (EUR..
A meeting of the coalition partners took place early this morning, during a sitting of the National Assembly, to discuss the possible reformatting of..
+359 2 9336 661