About 30,000 to 50,000 companies are registered annually in Bulgaria. 90% of them fail and are not operational. Changes to the Commerce Act, which simplify the procedure for closing "dormant companies", have been published for public discussion. The aim is to ease the closure of thousands of companies that have never had a business, employed no staff and are not registered under VAT. Now the procedure takes from 1 to over 5 years.
The changes envisage that the process would take a one-stop visit to the Registration Agency. The applicant will declare that they have no activity in the past 12 months, have not hired staff during this period, have no VAT registration, and have no debts to the state, municipalities or to the revenue agency.
Minimum temperatures on Monday will be between minus 4 and 1°C. In Sofia it will be around minus 3°C. The mercury will hover between -3 and 0 °C in the north. Maximum temperatures in southern Bulgaria will be between 2 and 7°C. In the capital it will..
The one-year anniversary of the death of Russian opposition leader Alexei Navalny was marked with a memorial service in Sofia's St Nedelya Cathedral. It was organised by the movement "For a Free Russia" - an association of Russian immigrants in..
Kristiyan Vladov and Stefan Kyurkchiev of the Plovdiv Museum of Natural History are working on a project to bring live fish from the southern Arctic Circle to Bulgaria . The aim is to create an Antarctic aquarium in Plovdiv, where visitors - from..
Bulgaria’s Premier Rosen Zhelyazkov convened an emergency meeting at the Council of Ministers on Saturday dedicated to the issue of food prices...
Expanding connectivity between Bulgaria and Turkiye is an investment in the development of the entire region, President Rumen Radev said at a meeting..
Bulgaria's Minister of Foreign Affairs, Georg Georgiev, participated in a working breakfast dedicated to addressing illegal migration and its..
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