Bulgaria and its modest economic development will be least affected by the outcome of the referendum in the UK, Executive Chair of the Bulgarian Industrial Association (BIA), Bozhidar Danev, has told the BTA. According to Danev, this country has always been in the periphery of British policy and Bulgaria’s trade turnover with the UK is relatively low - below 2.5 percent of the total trade of the country. At the same time British investments in Bulgaria are also minor. This country, however, will be indirectly affected because of the impact Brexit would have on leading partners of the UK that are also good trade partners of Bulgaria, such as the Netherlands and Germany.
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
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