Bulgaria Expects Boost in Winter Tourism with Increased Foreign Visitors
Bulgaria is expecting a boost in winter tourism this year, with about 3.1 million foreign visitors projected between December and March
Marking the inaugural decision of Bulgaria's new caretaker government, the Customs Agency welcomes a new director, as announced by acting Finance Minister Lyudmila Petkova. Georgi Dimov, former executive director of the National Revenue Agency (NRA), steps into the role, succeeding Petya Bankova.
Minister Petkova underscored Dimov's leadership qualities and emphasized his mandate to leverage his experience from the NRA to enhance revenue collection within the Customs Agency.
Meanwhile, Rumen Spetsov retains his position as the head of the National Revenue Agency amidst the organizational reshuffle.
The appointment comes in the wake of Bankova's arrest on charges related to participation in an organized criminal group, including allegations of influence peddling, smuggling, and bribery. While details surrounding the scandal remain scant, Minister Petkova and her predecessor Asen Vassilev refrained from commenting extensively on the matter during the transition of power ceremony at the Ministry of Finance.
Former Finance Minister Vassilev commended the revenue agencies for their performance, citing a notable increase in revenue collection compared to the previous year. According to the latest figures shared by Vassilev, the National Revenue Agency witnessed nearly a 15% rise in revenue collection, while the Customs Agency experienced a slight decline of approximately 7%, attributed mainly to factors such as VAT on oil imports and reduced operations at Lukoil.
Reshuffling of leadership positions within revenue agencies is customary following changes in the government, whether official or interim.
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
The Organization for Economic Co-operation and Development (OECD) has projected that Bulgaria will join the eurozone in 2026
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023