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%.
Monthly inflation stands at 0.4%, and annual inflation at 4.4%, the National Statistical Institute has announced. In May, the annual inflation stood at 3.7%, the highest since December 2023. The acceleration of the annual inflation rate in..
Starting this autumn, the Ministry of Labor and Social Policy will launch a program aimed at attracting Bulgarians from abroad. More than EUR 33 million will fund the initiative "I Choose Bulgaria", reported 24chasa.bg. The goal is to bring workers..
According to the National Revenue Agency’s latest figures, 4,329 Bulgarians hold real estate in 68 countries. Their number has increased by 725 people in just one year. Any Bulgarian who owns property in Greece should prepare for an income audit by..
Bulgarian students won four medals at the International Chemistry Olympiad (IChO). They earned one gold, one silver and two bronze medals at the..
From 1 January 2026, Bulgaria will join the Eurozone , and the lev and stotinki will become a thing of the past. While the new currency will have a..
Bulgaria’s candidate for judge at the Court of Justice of the European Union , Associate Professor Alexander Kornezov, has been approved , lex.bg..
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