Gold Prices Reach New High Amidst Fed Rate Cut Speculation
Gold prices surged to a new all-time high of 2,353 USD per ounce during early trading on Monday, continuing a rapid ascent witnessed over the past two weeks
Bulgaria's Parliament has decided to reduce the tax on interest earned from bank deposits from 10% to 8% as of 2014.
The measure was approved as MPs conclusively adopted amendments to the Income Taxes on Natural Persons Act, according to reports of Sega daily.
The government plans to reduce the tax rate by 2% on an annual basis until its conclusive abolition.
The initial plans of the socialist-led coalition government of Prime Minister Plamen Oresharski were to keep the tax rate at 10%, as it had been adopted by the center-right GERB government and entered into force as of January 2013.
The government planned to collect receipts of around BGN 90 M in 2014 through the 10% tax on interest earned from bank deposits.
Between the first and second reading of the proposed amendments to the Act, the Bulgarian Socialist Party (BSP) submitted a proposal that the tax rate on interest earned from bank deposits be reduced by 2% to the level of 8% in 2014, with 2% decreases taking effect every year over the next 3 years to come.
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Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022