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.
An orange code warning for dangerous precipitation has been issued for seven districts in Central Bulgaria. From midnight on Wednesday, precipitation and the risk of hail will move from the west to central and south-western Bulgaria. After noon, the..
BGN 50 million (€25.51 million) will be granted to Bulgarian Posts postal operator, after the European Commission approved, under EU state aid rules, Bulgaria's plans to grant state aid to the company in order to restore its viability. Bulgarian..
"Fear is shaking DPS. I'm talking about the apparatus," Korman Ismailov, former head of the youth organisation of the Movement for Rights and Freedoms (DPS), told BNR. According to him, the party, which came second in June's parliamentary elections,..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
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