Eco-Tax Hike Pushes Appliance Prices Up by 15% in Bulgaria
Retail prices for household electrical appliances in Bulgaria are set to rise by up to 15%
The Finance Minister, Assen Vassilev, refuted any connection between ongoing tax inspections at numerous Austrian companies and Austria's recent rejection of Bulgaria's Schengen accession. Vassilev clarified that the inspections involving a large Austrian food chain and a petrol station were part of regular fiscal risk assessments mandated by the goods declaration regulation.
Reports circulating in the media suggested a potential correlation between the tax checks and Bulgarian business representatives' call for a boycott of Austrian goods following Vienna's decision on Bulgaria's Schengen membership. However, Vassilev explicitly dismissed these claims, highlighting that the inspections were unrelated to the diplomatic issue.
Moreover, Vassilev emphasized that, in response to Vienna's request, specialized inspections were being conducted on goods traveling to and from Austria at external borders. This process, albeit initiated by diplomatic discussions, caused delays, leading to tensions between the two nations.
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
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