Ukraine and Russia’s 2025 Prisoner Exchange: Ethnic Bulgarian Among First Released
On January 15, Ukraine and Russia completed their first prisoner exchange of 2025
Bulgarian MPs have greenlit a significant shift in consumer rights, deciding that individuals won't be obliged to pay for goods or services if they haven't received a proper receipt. This groundbreaking decision alters the landscape for customers who previously had little recourse if they didn't receive a receipt.
The revised policy allows consumers who fail to obtain a receipt for a purchased item or service to withhold payment until they are provided with the necessary documentation. This change in legislation, proposed by Venko Sabrutev of the WCC-DB party, diverges from the previously popular notion colloquially known as the "free lunch" rule.
Interestingly, the approval of this measure was leveraged by Irena Dimova of GERB-SDS in advocating to maintain the 9% VAT for restaurateurs.
Another significant amendment to the Corporate Income Tax Act was also passed, imposing a 15% tax rate on companies with turnovers exceeding 750 million euros. However, this tax won't apply to investments and is set to be effective from January 1, 2025.
During the discussion, Yordan Tsonev of DPS expressed the party's opposition to tax increases, emphasizing that large companies were attracted to Bulgaria due to the country's 10 percent tax rate, which has been a competitive advantage. He attributed this tax policy to DPS's efforts during the time of the Triple Coalition.
Sofia Airport has introduced free access to the Terminal 2 bus parking lot (P8) for tour operators’ buses and coaches throughout the winter season of 2024/2025
Businesses in Bulgaria have identified cyberattacks as a growing concern, placing them among the top 10 risks for the first time in 2025
Sofia has been ranked 195th out of 327 cities worldwide in Numbeo's 2025 cost of living rankings
Bulgaria is now on the path to joining the Eurozone, with January 1, 2026, being the target date for its entry
The practice of hiring workers without formal employment contracts remains a widespread violation of labor and social security laws in Bulgaria
Preparations for Bulgaria’s entry into the eurozone are well underway, despite the exact timeline remaining uncertain
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