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.
During the night, the weather will be predominantly clear and calm. There will be fog or low clouds before midday in parts of the lowlands, valleys and around water basins. Minimum temperatures minus 4-1° C., for Sofia around minus 2° C. On..
Bulgarian Debora Mihaylova , who was brutally slashed with a mock knife by her boyfriend Georgi Georgiev , is one of the victims of violence mentioned by Ursula von der Leyen in her address on the occasion of the International Day for the Elimination of..
In a letter to Minister of Education Galin Tsokov, the Bulgarian Industrial Capital Association expresses concern over the state plan for admissions for the 2025-2026 academic year, in which the number of vocational classes in schools are being..
The Institute for Computer Science, Artificial Intelligence and Technology at Sofia University "St. Kliment Ohridski has made available for free use the..
Rumen Radev's visit to Vietnam began with a meeting with the community of Vietnamese citizens who have studied and worked in Bulgaria - representatives..
President Rumen Radev has arrived on an official visit to Vietnam . This is the first visit of a foreign head of state since the new President Leung..
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