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.
The increase in toll taxes seriously affects international carriers and all those involved in this activity in the country. Despite the meeting between representatives of carriers and the Minister of Regional Development and Public Works, Ivan Ivanov,..
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 challenges in the Balkans. King Abdullah II of Jordan visits Sofia to co-chair high-level..
The second edition of the festival of antiquity "Diocletianopolis - Crossroads of Time" will be held from April 4 to 6, 2025 in the city of Hisarya. The modern city of Hisarya arose on the ruins of the ancient Roman city of..
Bulgarians have traditionally had a deep respect and gratitude for domestic animals. For generations, horses, oxen, donkeys and cows have been..
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..
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..
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