MEP Tsvetelina Penkova: Bulgaria Ready to Lead Europe’s Nuclear Energy Future
Sofia recently hosted the fifth edition of the Green Transition Forum 2025, a major regional event focused on sustainable development
Former Finance Minister, Plamen Oresharski, who is nominated by the Bulgarian Socialist Party, BSP, to become the country's next Prime Minister, has prepared an ambitious program to boost the business.
The so-called "Plan Oresharski" promises modern and reform-oriented policies and includes:
Reducing the licensing regimes that pose hurdles for the business by 100 in the course of just one year;
Speedy reimbursement of Value Added Tax, VAT;
The State paying interest in cases of delayed VAT reimbursement;
Keeping the Currency Board;
Keeping the flat 10% tax;
Keeping the 10% corporate tax, 5% tax on dividends and 0% on capital profits;
Analyzing and lowering administrative taxes by 50%, as the European Commission has proposed;
Unified criteria for public tenders for all ministries;
Creating a Ministry of Administration and Business Climate;
Increasing the one-time assistance for parents of first graders from BGN 150 to BGN 300;
Increasing monthly assistance for mothers of small children, up to 2 years of age, from BGN 240 to BGN 310;
Increasing in 2014 the minimum monthly wage;
Zero tax for people working for the minimum monthly wage;
Increasing the income threshold eligibility for the so-called "energy assistance";
Creating conditions for increasing the birth rate;
Increasing access to healthcare;
Increasing retirement pensions as soon as the budget allows it;
New legislation in the energy sector such as turning the State Commission for Energy and Water Regulation, DKEVR, into a truly effective watchdog, and freezing and later lowering electric power prices;
The plan will be further discussed with potential political partners, business representatives and NGOs.
Oresharski says he had prepared it after talking with a number of experts and regular voters.
Bulgaria has secured an additional 300 million leva in debt from the domestic market, according to the results of the latest government securities auction held by the Bulgarian National Bank (BNB)
Wizz Air has launched a new flight connection between Sofia and Krakow, Poland
The question of how Bulgaria’s adoption of the euro will influence the real estate market has sparked considerable interest among property owners
Deputy Energy Minister Iva Petrova emphasized at Green Transition Forum 5.0 that Bulgaria’s energy strategy hinges on modernizing grid infrastructure and securing long-term supply agreements
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
British citizens arriving at Bulgarian airports can now use electronic gates for border control
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