Send to Kindle
File photo, BGNES
The tax system of Bulgaria is working well and need not be alterated throughout 2017, the head of Parliament's budget committee has said.
The government will not resort to any changes for now as the system currently in force has been generating GDP growth that is beyong the EU's average at the moment, Menda Stoyanova has told public broadcaster BNT in an interview.
Stoyanova, who presides over the Budgetary Affairs Committee with Parliament, has thus rejected calls from the opposition to introduce differential VAT rates for children's goods, books, medicine and several other items.
The Bulgarian Socialist Party (BSP) last week submitted the demand, but it was rejected as "populist" from the main ruling GERB party.
Stoyanova has warned the move could only exhaust the fiscal reserve but might not result in lower prices for the goods in question.
Boyko Borissov, leader of Bulgaria's GERB party, expressed his anger over the "Greatness" protest rally that took place outside his home in Bankya
According to a recent survey by Market Links, GERB is currently leading in Bulgarian public opinion, with the party securing 22.6% of the vote if elections were held today
Bulgaria's Parliament has passed the State Budget Bill for 2025 at its first reading
A "Gallup" survey conducted between February 13 and 20, 2025, reveals the current political landscape in Bulgaria, highlighting the position of various political parties
GERB has expressed its opposition to implementing a price cap on retail sales in supermarket chain
Boyko Borissov, leader of GERB, escalated his criticism of Bulgarian media outlets receiving grants today, calling for the suspension of such funding
The Bulgarian National Bank (BNB) has launched an auction to sell scrap Bulgarian coins after the country adopts the euro
Dimitar Georgiev, a Bulgarian financier and international market analyst, warned of potential economic catastrophe due to the immense financial burden caused by rearmament efforts across Europe, including Bulgaria
Bulgaria's economy showed notable growth in the final quarter of 2024, with a 3.4% increase in GDP compared to the same period the previous year, surpassing the initial estimate of 3.1%
A nationwide information campaign on Bulgaria’s adoption of the euro is set to launch this month
At the end of February, Bulgaria’s budget recorded a deficit of 1 billion leva (500 million euros)
After Bulgaria joins the eurozone, the rate of mandatory minimum reserves (MRR) for local banks will be significantly reduced
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
