Big Tax Increases for 2025! See What’s Changing in Your Municipality
Several Bulgarian municipalities have adjusted their local taxes and fees for 2025
The concession of about 40 mineral water springs brought only BGN 2.5 M in 2010, according to Environment Ministry data.
The Ministry has said it expects an increase of the mineral water revenues up to BGN 3.06 M in 2010, as cited by the Pari Daily.
A total of 16 “deposits” of mineral water (including about 40 springs) have been granted to concessionaires with nine of them having more than one concessionaire.
Over the weekend, the Environment Minister Nona Karadzhova announced the intention of her institution to authorize local authorities to offer on concession about 60 mineral water springs (out of a total of 102 springs in Bulgaria), which are currently not being utilized.
According to the National Association of Municipalities in the Republic of Bulgaria, granting control over mineral water deposits to the local authorities will have little positive effect on their budgets.
The municipalities claim that the unused springs are only 45, that they are located along rivers, and that the state has not been able to offer them on concession because of their unfavorable locations. In addition, the municipalities will be required to invest into researching each spring and maintaining the proper infrastructure which might actually drain their budges rather than boost them.
The global electric vehicle (EV) market is currently facing significant turbulence, with the United States experiencing one of the sharpest slowdowns
Deputy Finance Minister Metodi Metodiev described the recent upgrades to Bulgaria’s credit rating by three international agencies as a clear sign of growing investor confidence
A counterfeit 100-BGN banknote has been detected in Sofia, despite having passed through a money verification machine without raising any flags
A new trend is emerging in Sofia's real estate scene - property sales are outpacing rentals, reversing a pattern that has dominated the past decade
Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions are prepared to provide funding eight times greater than what is required for the construction
From August, the familiar large digital boards and fuel pumps at gas stations across Bulgaria will not be showing prices simultaneously in both leva and euros
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