About 30,000 to 50,000 companies are registered annually in Bulgaria. 90% of them fail and are not operational. Changes to the Commerce Act, which simplify the procedure for closing "dormant companies", have been published for public discussion. The aim is to ease the closure of thousands of companies that have never had a business, employed no staff and are not registered under VAT. Now the procedure takes from 1 to over 5 years.
The changes envisage that the process would take a one-stop visit to the Registration Agency. The applicant will declare that they have no activity in the past 12 months, have not hired staff during this period, have no VAT registration, and have no debts to the state, municipalities or to the revenue agency.
A wave of outrage is sweeping over Bulgaria after a severe accident on the Telish-Radomirtsi road (Pleven region), in which 12-year old Siyana lost her life as she was returning from a holiday with her grandparents. A protest is scheduled for today..
Bulgaria’s Minister of Foreign Affairs Georg Georgiev took part in the NATO foreign ministers meeting in Brussels on 4 April, 2025. Within the frameworks of the forum, Minister Georgiev met with his Ukrainian counterpart Andrii Sybiha; the two..
Saturday will be cloudy with cumulus and cumulonimbus clouds, especially in the afternoon. Rain will fall in many places, with thunderstorms in some areas. Winds will be moderate west-northwest. Maximum temperatures will be between 14° and 19°C, around..
Bulgarian President Rumen Radev and Jordan's King Abdullah II will be hosting a high-level meeting under the Aqaba Process initiative, focusing on security..
The President of Bulgaria, Rumen Radev, and the King of Jordan, Abdullah II, are hosting the Aqaba Process Summit, which focuses on the Balkans and brings..
It is 21 years today since the tragedy in the River Lim on the border between Serbia and Montenegro, in which 12 Bulgarian children were killed. On..
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