At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024.
Minister of Finance Assen Vassilev expects inflation to be between 3 and 4.8% in 2024, as well as 3.2-percent GDP growth. The expectation is for a GDP of 102.5 billion euros. The final parameters of the budget also depend on the tax laws that the parliament would adopt. The budget will be published for discussion, Minister Vassilev said.
The zero rate of VAT for bread and flour is preserved until mid-2024. It is proposed to keep the 9% VAT for restaurateurs and hoteliers, but only if the industry accepted electronic payment of salaries through banks. All establishments with an annual turnover of less than 50,000 euros will pay patent tax, not VAT, as the money from the tax will go to the municipalities,” Vassilev said.
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3 and 5 BGN (EUR 1.5-2.5) per liter until the new harvest. The value of the small consumer basket,..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..
There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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