The tripartite cooperation council did not reach accord on extending the differentiated VAT rate until the end of the pandemic.
The caretaker cabinet wants the tax to be 9% for food and non-alcoholic beverages served at eating and drinking establishments, baby products, books, tour operator services and use of sports facilities. The Bulgarian Industrial Association is insisting on the introduction of a lower VAT rate for all food and non-alcoholic beverages. The Finance Ministry says that this will mean more than 500 million euro less for the treasury. The TUs are demanding a reduction of VAT overall from 20% to 15% and oppose the differentiation.
The biggest trade union in the country, the Confederation of Independent Trade Unions in Bulgaria, warned there will be protests if there are 15% staff cuts in public administration, as proposed by former Minister of Finance Assen Vassilev from We Continue the Change.
Bulgaria can have a strong voice within the European family, rather than waiting for different groups within Europe to decide for us , Vice President Iliana Iotova said after the official ceremony in Sofia on the occasion of March 3. Iliana..
The National Day of Bulgaria was celebrated with the laying of flowers and wreaths at the Monument to the Unknown Soldier in Sofia and the raising of the national flag. The ceremony was attended by Vice President Iliana Iotova, Minister of..
Heads of state and leaders from around the world congratulated the Bulgarian people on their National Day in congratulatory addresses sent to President Rumen Radev on the occasion of the 147th anniversary of the Liberation of Bulgaria. On behalf of..
Household electricity prices will not go up with the planned liberalization of the electricity market for household consumers as of 1 July this year,..
Twenty-five children and young people who survived kidnapping by the terrorists from Hamas in the tunnels under Gaza, or whose parents are still held..
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria,..
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