The Bulgarian International Business Association (BIBA) has recommended in a letter to Prime Minister Simeon Saxe-Coburg to the cabinet a set of measures for the establishment of an ethical and sustainable business environment. The strict application of the effective legislation is among the major recommendations made by BIBA. Court case are being delayed by years despite firmly established acts of corruption, racketeering and criminal intentions, BIBA wrote in its letter. The foreign investors urge for zero tolerance, high fines and punishment for companies which evade taxes. The recommendations are focused on a drastic decrease of income tax, a reduced and differentiated VAT, an accelerated VAT return, and measures to assure the strict compliance with the law.

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