Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian cabinet announces package of anti-crisis measures

Photo: BGNES

0% VAT on bread for one year, updating of pensions by about 20% as of July 1 and higher tax breaks for families with children - these are some of the measures included in the so-called anti-crisis package approved by the coalition partners in the Bulgarian government.

Compensation will also be  provided for the high fuel prices. Thus, until the end of the year, Bulgarian citizens will enjoy a discount of 25 cents per litre of gasoline 95 and diesel, methane and propane-butane. 

VAT for heating and hot water, as well as for natural gas for household consumers will be 9% within 1 year, according to another measure. 

Electricity, natural gas and methane will be exempt from excise duty. 

Most of the measures will be settled with the upcoming mid-year budget update. "The goal is to support those who are most severely affected by the rising inflation," Prime Minister Kiril Petkov said at a media briefing.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Еstonia releases two euro coins designed by the Bulgaria's Assoc. Prof. Svetlin Balezdrov

The Estonian Central Bank released a collector's coin, the design of which is the work of the Bulgarian designer and teacher at the National Academy of Arts, Prof. Svetlin Balezdrov . The coin with a face value of 8 euros is made of silver, has a..

published on 8/25/24 12:43 PM

Bulgarian Socialist Party will participate in elections in an alliance with 20 parties

Twenty left-wing formations will sign a coalition agreement by the end of next week for general participation in the next parliamentary elections, announced the acting chairman of the BSP, Atanas Zafirov. He explained that his party is in an advanced..

published on 8/25/24 10:51 AM

Bulgarian Parliament glows in blue and yellow on the occasion of Ukraine's Independence Day

On the occasion of the Independence Day of Ukraine, the historical building of the Bulgarian Parliament was illuminated with the colors of the Ukrainian flag. "The celebration of Ukraine's Independence Day is an expression of Bulgaria's solidarity..

published on 8/25/24 10:08 AM