Saving is the only way to finance extra expenditure until the end of the year, as no revenue over-performance is expected, Bulgaria’s caretaker Minister of Finance Rositsa Velkova said. Minister Velkova pointed out that the mid-year budget..
The Road Trip Index 2022 by the leading world travel application KAYAK breaks down 33 countries by 24 individual factors depending on what they each offer and the type of trip one wants to take. The rankings from this study are divided into five..
Following two days of debates, Bulgaria’s lawmakers have finally adopted the amendment of the 2022 state budget. “The MPs exercised responsibility against the backdrop of a complicated political situation. It will be difficult, yet not impossible,..
Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial..
Pensions will be raised by 6.1% from July 1 due to the delayed final vote on the budget updates in the National Assembly. According to the initial intentions, each retiree should have received a 10% rise plus a supplement of 30 euros per month...
The MPs approved, at first reading, the update of the state budget. As of 1 July a differentiated VAT rate is being put in place – for bread VAT will be zero, for natural gas supplies – 9% instead of the current 20%. VAT on wine and beer served at..
If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government..
The state budget will be revised by the end of June, Prime Minister Kiril Petkov announced the decision taken at last night's Coalition Council. Before the start of the cabinet meeting, he also commented on Bulgaria's exemption from the European..
26 May is tax freedom day for Bulgarians this year. The Institute for Market Economics has estimated that this year, we have to work 146 for the state to provide the money for the treasury. The state budget envisages revenues of over 57 billion Leva..
The annual inflation rate has accelerated in March for the 13 th consecutive month, reaching 12 . 4% as compared to 10% in February, reaching its highest level since 2008, National Statistical Institute data show. Within the space of just..
