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%.
'We condemn the unprovoked violation of airspace,' declared Prime Minister Rosen Zhelyazkov in response to yesterday's incursion of drones into Polish airspace. Speaking during a visit to the town of Simitli, he emphasised: 'Our position is clear and..
The debate on the introduction of the euro and Bulgaria’s membership in the Eurozone is more of a political issue than an economic or social one, Premier Rosen Zhelyazkov said during an event in Blagoevgrad within the National Information Campaign..
The activation of Article 4 of the NATO Treaty does not mean involvement in war, Foreign Minister Georg Georgiev told journalists at a forum in Blagoevgrad. “Consultations are to be scheduled under Article 4 of the NATO Treaty. There are not many..
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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Partly cloudy, chance of rain