The Ministry of Tourism in Bulgaria has unveiled plans for significant reforms in the tender procedures for beach rentals across the country, aiming to enhance transparency and fairness in the process
Bulgaria Says No to New EU Taxes
Bulgaria has taken a stand against a European Commission proposal for the introduction of new taxes across the European Union, including a financial-transaction levy and a new value added tax.
"Bulgaria doesn't support the introduction of new taxes because it will impose an extra burden on EU citizens and companies," it said in a statement.
"The introduction of the financial transactions tax on an EU level will put in danger the competitiveness of financial hubs in the EU because there is yet no agreement to introduce it on a global level."
According to the ministry the idea for a new EU value added tax will practically take over the functions of the separate nations in imposing the levy.
Bulgaria will insist on raising funds for the Cohesion policy and extending its scope in a bid to avoid a two-speed Europe.
Investments in roads, highways, sewage plants are key to Bulgaria, according to the finance ministry.
The country will also demand more funds to increase the control of external borders and illegal migration.
The European Commission is expected to propose next week a sweeping new EU tax that would apply to "all types of financial instruments" used by European investors.
The levy is said to be imposed on all trades in derivatives, bonds and shares, as well as a limited number of currency transactions.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Speaking at a briefing following a meeting with Croatian Central Bank Governor Boris Vujcic, Bulgarian National Bank (BNB) Governor Dimitar Radev highlighted the significant costs associated with delaying entry into the eurozone
Head of Croatia's Central Bank Visits Bulgaria: The Transition To The Euro Did Not Result In Price Hikes
During his visit to Bulgaria, Croatian Central Bank Governor Boris Vujcic reassured that Croatia's transition to the euro did not result in a significant uptick in prices
Eurozone Accession on Horizon: Bulgaria's Finance Minister Optimistic Despite Government Rotation Talks
As Bulgaria sets its sights on joining the Eurozone by 2025, Finance Minister Asen Vassilev remains resolute in his commitment, despite ongoing uncertainties surrounding the government's rotation
In a significant step towards Eurozone integration, Bulgaria asserts its readiness to join the currency union without relying on exceptions
The Bulgarian Ministry of Finance has unveiled plans to consolidate the National Revenue Agency and the Customs Agency into a single entity, marking a significant step towards streamlining financial operations in the country
At the end of 2023, household expenses increased by 19.1%, with the majority spent on food - approximately one-third of all expenditures. This is indicated by the data from the National Statistical Institute (NSI).