Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
This year the Tax Freedom Day in Bulgaria comes on April 30, according to an analysis of the Institute for Market Economy (IME).
This is the day, when the planned revenues of the state budget would be completed, if the state took everything the people earned.
Traditionally Tax Freedom Day in Bulgaria is either in the and of April or the beginning of May. In the past 5-6 years it tends to come earlier, as the government plans a budget deficit.
The IME analysis of the official data shows, that in 2014 the working Bulgarians would produce an average of BGN 228 M per calendar day, measured through the expected GDP. Respectively, they would need to work 120 days to generate the planned BGN 27 B national budget revenues.
Most days would be spent for generating VAT revenues – 36. For excise duties would be needed 19 days. For various insurance payments – 27 days, of which 19 days for social insurance and 8 for health insurance. The income tax would need 12 days and 7 days - for corporate tax. Another 7 days are necessary for state and municipal taxes. Three days of work are for covering the property taxes.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
Eurostat's latest findings have shed light on the shifting landscape of household energy prices in the European Union, with Bulgaria emerging as a frontrunner in affordability.
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
Along the Southern Black Sea coast, preparations are in full swing for a successful and peaceful summer season, as confirmed by Minister of Tourism Evtim Miloshev following discussions with local authorities and control institutions
As summer approaches, Bulgaria's seaside tourism industry faces a daunting challenge as hotels may remain shuttered due to a severe shortage of staff
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022