According to estimates by the Institute for Market Economics, tax freedom day falls on May 20 this year. Bulgarians worked 140 days during the pandemic to pay their taxes to the treasury. Despite the coronavirus crisis, the budget revenues are expected to exceed EUR 24.3 billion and this country’s GDP is expected to reach EUR 63.6 billion. Bulgarians produce an average of EUR 174.3 million per calendar day, which means that it took them 140 days to fill the treasury.
Working Bulgarians continue to pay more and more to the treasury. Thus, the money used to pay for the anti-crisis measures, is primarily paid by the taxpayers who bear the burden of the pandemic, notes the Institute for Market Economics
It is extremely concerning that the largest company in Bulgaria, Lukoil Neftohim, which is part of the country's critical infrastructure, is still in the hands of a country that has declared Bulgaria a hostile state. This opinion was shared by energy..
“The divergence between the monetary and the fiscal policy pursued by the government continues to be the main reason why Bulgaria does not meet all criteria yet for entering the Eurozone,” Lyubomir Karimansky, member of the Governing Council of the..
Germany remains Bulgaria's strongest economic partner. Trade between the two countries for 2024 amounts to EUR 12 billion, said Tim Kurth, President of the German-Bulgarian Chamber of Industry and Commerce. At a ceremony held at the University of..
The budget for 2025 is feasible and will likely be the last one in Bulgarian leva, Minister of Finance Temenuzhka Petkova said in an interview with bTV...
Mostly Cloudy
Overcast, rain
Cloudy