A World Bank report on public finances in Bulgaria points out the need to improve VAT collection. It also states that greater efficiency is needed in public procurement, spending on education and helping the vulnerable groups.
According to the authors of the report, if measures were not taken now, in the long term the potential for economic growth would be severely limited. As an example, the still differentiated VAT rates, especially in the restaurant industry, the inefficient spending on education and public procurement are pointed out. It is for this reason that “if the necessary reforms are not undertaken now, growth could slow to around 1.25% by 2050." According to Deputy Minister Georgi Klisurski, in order to accelerate growth, the ministry will rely heavily on investments. Therefore, negotiations with foreign investors are conducted daily.
Bulgaria’s Minister of Foreign Affairs Georg Georgiev had a phone conversation with his Israeli counterpart Gideon Sa'ar. Israel’s Foreign Minister Gideon Sa'ar expressed condolences to the family of the Bulgarian who died in Gaza . Gideon Sa'ar..
One of the two major trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria (CITUB), is organizing a protest under the motto "We want a visible increase in wages with Budget 2025. . Trade unions: Additional..
Currently, the Netherlands remains the leading destination for Bulgarian prospective university students, followed by Italy, Spain, Austria and Belgium, reported the consultants from ''Integral'', which is the organizer of the World Education Forum. They..
The import of manpower from non-EU countries is record high, but does not cover the needs of the business sector. Since the beginning of the year, 4,202..
Six residents of the town of Kocani from North Macedonia are traveling to the Pirogov Hospital in Sofia to donate blood. They have the rare blood type..
North Macedonia’s Minister of Health Arben Taravari and his Bulgarian counterpart Silvi Kirilov, together with the Foreign Ministers of Bulgaria and..
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