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Zero VAT for bread and flour, finally decided by Parliament

Zero VAT on bread and flour until July next year - this is the final decision of the National Assembly in the state budget update.  The proposal to reduce VAT on oil, fruit and vegetables from 20 to 9 per cent was rejected. The excise duty on..

29.06.22 14:58 |

Updates of Public Insurance and Health Insurance Fund budgets are adopted

Bulgarian Parliament, the National Assembly, adopted the final update of the budgets of the Public Insurance and the Health Insurance Fund (NHIF).  The amendments provide for approximately 33 million euros to be allocated to the Health Insurance Fund..

28.06.22 18:30 |

BG deputies discuss the budget update

Bulgarian MPs debate at first reading an update of the budgets of the National Health Insurance Fund and the state social insurance and the state budget.   The update was rejected by the Budget and Finance Parliamentary Committee. The amendment..

15.06.22 17:08 |
Plamen Dimitrov

Trade unions demand funds for higher wages in updated budget, or cabinet faces protests

Tradeunions demanded that one billion leva (€500 million) be allocated in the budget update for wage increases. Otherwise there will be a series of protests in many sectors.  This was announced by the president of one of the largest..

13.06.22 15:18 |

BAS: Stagflation will hit Bulgaria, if war in Ukraine continues

Annual average inflation of 11.9% is the government's forecast in the July 1 budget update. The draft is on the finance ministry's website and proposes the government's borrowing limit to be raised to €5bn . The unfavorable prospects for the..

06.06.22 14:14 |
Andrey Gyurov (left).

Expert Council discusses budget update

An expert council of the ruling coalition discusses the budget update and proposed anti-crisis measures at the Ministry of Finance.  Before the meeting, the Bulgarian Socialist Party said that aid for the most vulnerable would be implemented..

03.06.22 18:20 |
The National Health Insurance Fund building

MPs vote additional 105 million Leva for National Health Insurance Fund in budget update

The National Health Insurance Fund is to have an additional 105 million Leva by the end of the year, after parliament approved the update of its budget. This sum includes the money for the medical staff administering vaccines against..

10.09.21 18:20 |
Bulgaria's caretaker Minister of Finance Assen Vassilev

Assen Vassilev: I will not participate in political projects while i am part of the caretaker cabinet

"I will see whether there are like-minded people with whom we can do something to help Bulgaria" , this country’s caretaker Minister of Finance As s en Vassilev said for the Bulgarian National Radio on the occasion of the assumptions..

05.09.21 12:45 |
Minister of Health Stoycho Katsarov in parliament

Budget update provides additional 134 million Leva for healthcare

The MPs approved, at first reading, the update of the budget of the National Health Insurance Fund (NHIF), which provides an additional 134 million Leva for healthcare. Of this sum, 120 million is crucial because it is earmarked for addressing..

26.08.21 13:34 |

National Assembly Committee on Budget and Finance approves amendment to state budget at first reading

The National Assembly Committee on Budget and Finance has approved amendments to Bulgaria’s state budget at first reading. The MPs adopted amendments to the budget of the National Health Insurance Fund and the State Social Security..

24.08.21 18:03 |
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