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.
On Thursday , the lowest temperatures will range from 6°C to 11°C, for Sofia around 10°C. It will be mostly sunny during the day. In the afternoon, there will be temporary increases in cloud cover over the mountainous regions in the western half..
The Council of Ministers has approved and submitted to Parliament for debate amendments to the Criminal Code that increase the penalties for torturing animals and add new, more severe punishments if what is done is filmed for distribution. If..
The Bulgarian government today approved and submitted to the European Commission a request to amend the National Recovery and Resilience Plan. The renegotiation of the plan has been highlighted as a priority for the government of Rosen Zhelyazkov. The..
For the first time, a unique collection of Western European textile panels (tapestries) is on display at the National Gallery – Square 500. The..
When carrying out border control and compensatory measures, Border Police officers also carry out checks in the automated information..
Exactly at midnight, the Patriarch of the Bulgarian Orthodox Church Daniil announced the Resurrection of Christ and greeted the Bulgarians with “Christ is..
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