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%.
The Multinational Battle Group in Bulgaria is in an excellent position to grow and upgrade to brigade level. This was stated at the Novo Selo training ground by Adm. Giuseppe Cavo Dragone, Chairman of the NATO Military Committee . At the Novo Selo..
On Defence Industry Day, 16 July, a memorandum of cooperation will be signed between the Ministry of Defence, the Ministry of Economy and Industry, and the Ministry of Innovation and Growth with the defence industry. “This memorandum will..
An official reception at the Bulgarian Embassy in Paris marked the closing of the 47th session of the UNESCO World Heritage Committee. Among those present were the chair of the session Prof. Nikolay Nenov, the director of the World Heritage Centre..
Demonstrations in support of Varna Mayor Blagomir Kotsev are set to intensify on Tuesday evening, expanding beyond Bulgaria to four major European cities...
On Wednesday, the Council of Ministers adopted the Programme for the Support of Bulgarian Communities, Organisations and Media Abroad for 2025...
Bulgaria's parliament has approved new regulations for electric scooters, introducing mandatory registration and civil liability insurance under..
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