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.
At the launch of the election campaign for the upcoming extraordinary parliamentary elections on October 27, caretaker Prime Minister Dimitar Glavchev reported that the efforts of the executive power to eliminate distortion of the..
The changes to the Recovery and Resilience Plan must be sent no later than October 20, so that the European Commission can accept them and Bulgaria does not lose funds. This was stated at a briefing by the caretaker Minister of..
More than 250 types of wine participate in this year's 12th Festival of Wine and Cultural Heritage Avgustiada in Stara Zagora. It opens tonight at 5:30 p.m. with a parade of the contenders for Queen Avgustiada, folklore groups and the..
On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from..
During a short meeting on the sidelines of the UN General Assembly in New York, Bulgarian caretaker Minister of Foreign Affairs Ivan..
The caretaker government has adopted National Program for Prevention and Protection from Domestic Violence for the period 2024-2026 ,..
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