Bread will not be taxed with VAT, the parliamentary budget committee, which is debating the second reading of the state budget update, has decided.
The committee, however, rejected the proposal of GERB and Vazrazhdane parties to reduce the tax on oil, fruit, vegetables and other agricultural products from 20 to 9%. Outgoing Finance Minister Assen Vassilev commented that the lower rate would lead to serious losses for the treasury, while the effect would be doubtful.
The draft budget update also envisages an increase in the state debt limit to BGN 5.2 billion. The financial framework is calculated at an inflation rate of 11.9% and economic growth of 2.9%.
Thank you for choosing to stay in Bulgaria. This was said by Bulgaria's Prime Minister Rosen Zhelyazkov at the ceremony officially announcing the new class of fellows under the EXPLORER program of the Institute for Computer Science, Artificial..
A new large fire has broken out in Rila Mountain , BTA reported, citing the police in the town of Kyustendil. The fire is located at an altitude of about 2,200 m in the area above the Iliina River, in the area where the Rila Monastery is located, but is..
Bulgaria will receive over 3.2 billion euros from the Security Action for Europe (SAFE) programme, the European Commission announced. The loan programme is worth 150 billion euros and aims to strengthen the EU's ability to make strategic investments in..
Joining the eurozone will provide Bulgaria with stability as part of the common currency area, said Christine Lagarde, President of the European Central..
On Friday, the lowest temperatures will range from 15°C to 22°C, 16°C in Sofia. During the day, the cloud cover will often be significant. Cumulonimbus..
Early on Saturday, temperatures will range from 11 to 20°C , with a minimum of 11°C in Sofia. There will be low cloud cover and reduced visibility in the..
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