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.
Until the average income of the population reaches 80% of the European average, we should not enter the euro area. Inflation goes along with it and there must be some reserves, Georgi Kadiev, former Deputy Minister of Finance, part of..
There are four times as many people dying of brain stroke in Bulgaria compared to other EU countries , according to a 2021 report by the European Commission. In 2023, 45,000 brain stroke patients were registered in Bulgaria, of which more than..
Bulgaria is hosting the international forum on the Cyrillic alphabet "Alphabet. Language. Identity" where more than 30 scholars from 12 countries are taking part. At the opening of the event in the National Palace of Culture in Sofia, President..
Ivan Ivanov, chairman of the Energy and Water Regulatory Commission, announced that a decision would be taken today on how to compensate green energy..
During the next 24 hours, cumulus clouds will develop again over the western half of the country. At night, there will be short-term..
At the European Council, Bulgaria will insist on including a text on the Republic of North Macedonia in the adoption of the conclusions of the meeting ,..
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