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.
Fourteen people injured in the nightclub fire in the Macedonian town of Kočani have been admitted for treatment in Bulgaria, Pirogov Emergency Hospital Director Dr. Valentin Dimitrov announced at a briefing. Eight of them are in the intensive..
Three days of protests demanding better working conditions are to begin today in psychiatric hospitals and wards across the country. According to Dr Tsveteslava Galabova, head of the St Ivan Rilski State Psychiatric Hospital, psychiatric care is on..
A total of 59 people lost their lives and 155 were injured in a fire that flared up during a concert by the popular band DNK in North Macedonia last night. The fire erupted at the Pulse club in the town of Koçani, 65 km from the Bulgarian border. Some of..
A protest is taking place in Sofia to demand maximum sentences for a man and a woman who killed animals in a particularly cruel way. So far, nearly..
In response to the tragedy in North Macedonia, where more than 50 people lost their lives in a fire at a nightclub in the town of Kočani, Foreign..
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