Send to Kindle
Bulgaria's Ruse keeps attracting Romanian SMEs that formally register there. File photo
A total of 400 Romanian firms, primarily "tax nomads", have been registered in Bulgaria in the past year because of the favorable taxation, according to the authorities in Ruse.
In Bulgaria, Romanian companies enjoy a 4% smaller VAT, and 6% smaller corporate tax, the bTV channel noted Sunday, citing the tax administration in the Bulgarian Danube city of Ruse. Bulgaria remains the EU member state with the lowest tax burden.
The Ruse District tax office collected BGN 1.5 M more in taxes from small enterprises in 2011 year-on-year, much of that coming from the dues paid by Romanian firms.
However, experts have pointed out that the impact from the registration of the Romanian firms in Ruse should not be overestimated. For example, very few of them have Bulgarian offices or even employees permanently stationed in Bulgaria.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a strategic move aimed at bolstering their defense capabilities, Romania and South Korea have embarked on negotiations for joint arms production, signaling a significant milestone in their bilateral relations
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
Romanian media outlets have reported that storm "Renata" has made landfall in Romania, bringing with it strong winds and heavy precipitation. Following two weeks of record high temperatures, the mercury has plummeted by 15-20 degrees Celsius, as reported
In a momentous occasion marking the entry of Bulgaria and Romania into the Schengen area by air and sea, Balchik Airport is set to witness a remarkable gathering of more than 20 planes from Romania
The Romanian parliament has voted to impose stringent restrictions on the gambling sector, marking a significant shift in the country's regulatory landscape
As tensions simmer in the Black Sea region, NATO's multinational exercise "Sea Shield" commences today, drawing more than 2,200 military personnel from Romania and allied nations
Deputy Minister of Transport and Communications, Anna Natova, announced the commencement of construction for an outdoor parking lot at Terminal 2 of Sofia Airport
The Nuclear Regulatory Agency (NRA) has greenlit the phased transition to a new type of nuclear fuel for Unit 5 of Kozloduy Nuclear Power Plant (NPP), manufactured by Westinghouse
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
Vacationing at the seaside, whether in our country or abroad, is reasonably priced
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
In a sign of the changing climate's impact on agriculture, Bulgarian farmers are gearing up for an early start to the wheat and barley harvest this year as soaring temperatures hasten crop ripening
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
