The National Assembly Committee on Budget and Finance adopted on first reading the proposal for introduction of 9% VAT on restaurants and books, including electronic books. The Bulgarian Ministry of Finance has warned that if value added..
The tourism and transport sectors will receive special anti-crisis assistance, the social partners in Bulgaria agreed at an online meeting of the Tripartite Cooperation Council . Out of 65 anti-crisis measures, an agreement has been reached on 20 of..
The finalization of the fulfillment of the criteria for entering the exchange rate mechanism ERM II may be in the next few weeks, said Bulgaria's Finance Minister Vladislav Goranov. He is adamant that now is a good time for Bulgaria to take this..
By means of 8 different financial instruments with a public resource of around BGN 4.5 billion (EUR 2.3 billion) the state is to support SMEs, the self-employed and persons on unpaid leave because of the crisis caused by the Covid-19 pandemic,..
The Bulgarian cabinet will provide financial support to the businesses affected by the ongoing coronavirus crisis via the Bulgarian Development Bank. The bank will receive up to EUR 250 million from the state if necessary. The state will temporarily..
If the Bulgarian banks pass successfully the stress tests and the asset quality review, this country will be able to apply for the ERM2 mechanism in the beginning of July this year. The average stay in the Eurozone waiting room is two years and then..
“Bulgaria is beginning close cooperation with the European Central Bank on synchronizing legislation and banking supervision for entering the ERM II mechanism,” announced at a briefing Finance Minister Vladislav Goranov. After being given a..
Three jurisdictions have been added to the “black list” of tax havens, said Finance Minister Vladislav Goranov who is chairing the Economic and Financial Affairs (ECOFIN) Council meetings, within the frameworks of the Bulgarian Presidency of..
Finance Minister Vladislav Goranov stated that with a view to preserving the EU cohesion policy and the common agricultural policy, the national contributions to the Union budget may have to be increased and that Bulgaria was ready to support such a..
This is the time for the Balkans to demonstrate common sense and to prove to Europe that they do not generate problems and are a good place to invest, said PM Boyko Borissov at the annual government meets business meeting taking place in Sofia...
