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Experts about Bulgaria’s financial policy as the country edges towards a new parliament and a draft budget for 2025

After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..

23.10.24 12:52 |

Varna reports growth in revenues from overnight stays in May

More than 50% growth in revenues from hotel stays was reported in Varna in May this year, compared to the same month last year.  According to the North-East Regional Statistical Bureau, revenues reached 10 million euro, of which 2.5 million euro..

18.07.24 18:08 |
PM Nikolay Denkov

The ruling parties will support revenues in 2023 budget

The Parliamentary Committee on Budget and Finance made some wrong decisions that did not ensure the financial framework of the budget. I have the assurance of the leaders of the parties supporting the cabinet that they will correct the decisions, Prime..

26.07.23 11:15 |
Rositsa Velkova

Bulgaria's fiscal reserve decreasing, no reserves for higher revenues: Finance minister

At the beginning of the year, the fiscal reserve was BGN 11.9 billion (EUR 6 billion), while compared to May 10, it decreased to about BGN 10.3 billion (EUR 5.3 billion),  caretaker Finance Minister Rositsa Velkova announced in Parliament. According..

12.05.23 11:25 |
Plamen Dimitrov

CITUB: Incomes should increase with at least 12%-15% on an annual basis

Incomes should increase with at least 12%-15% on an annual basis, so they can reach decent levels. In five years, the average monthly salary should reach EUR 1,685 and the minimum salary shold amount to EUR 870, the President of the Confederation of..

11.05.22 11:14 |

Revenue Agency monitors 42 million shipments from 2020

Nearly 42 million shipments from 2020 are monitored by the National Revenue Agency, as the amount of cash on delivery is over 1.84 billion euros. This is shown by the data on the persons selling on the Internet, submitted to the NRA..

11.11.21 16:28 |
Bulgaria's caretaker Minister of Finance Assen Vassilev

Assen Vassilev: I will not participate in political projects while i am part of the caretaker cabinet

"I will see whether there are like-minded people with whom we can do something to help Bulgaria" , this country’s caretaker Minister of Finance As s en Vassilev said for the Bulgarian National Radio on the occasion of the assumptions..

05.09.21 12:45 |
Assen Vassilev

There is money in the state budget, but a budget amendment is necessary: finance minister

We are appealing to Bulgaria’s National Assembly to form a Committee on Budget and Finance and to amend the state budget, said this country’s caretaker Minister of Finance Assen Vassilev in Parliament. He reported on the implementation of the..

12.08.21 13:46 |

National Revenue Agency collects more taxes in 2020 compared to 2019

The total revenues to Bulgaria's National Revenue Agency (NRA) in 2020 amount to BGN 25 billion (EUR 12.8 billion). This means the revenues are BGN 700 million (EUR 358 million) more than the planned revenues and BGN 1.1 billion (506 million) more than..

05.01.21 12:05 |

Tax campaign starts on January 11

The tax campaign for 2021 starts on January 11. Then it will be possible for individuals to submit income declarations in the offices of the National Revenue Agency - NRA, BTA reported. From March 2021, the NRA will also publish the electronic..

31.12.20 14:55 |
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