Bulgaria: What Taxpayers Need to Know After the Euro Changeover
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
The Bulgarian Ministry of Defense has reported a significant rise in the number of individuals interested in joining the military. After a 30% salary increase, the number of applicants has surged by 3 to 5 times. Defense Minister Atanas Zapryanov highlighted that salary adjustments have varied across ranks, with generals receiving a 30% raise, sergeants seeing up to a 33% increase, and soldiers benefiting from the highest percentage boost due to a greater shortage in this group.
Zapryanov expressed confidence that this salary increase was an effective tool in attracting personnel and confirmed that the country would not need to introduce conscription as long as the interest in military service remains high. The government’s approach is already yielding positive results in recruitment numbers.
Additionally, Zapryanov discussed a strategic decision to replace old ammunition with new, which has resulted in cost savings of half a billion leva. He further explained that compensation received from the USA, EU, and Denmark, amounting to one billion leva, was part of this exchange of equipment. This, he noted, allowed Bulgaria to provide outdated weapons and equipment in return for financial support.
He also pointed out that Bulgaria's support for Ukraine had brought financial returns, with the Ministry receiving 348 million leva from the packages sent last year. However, Zapryanov clarified that Ukraine had not made any recent requests for additional assistance from Bulgaria.
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The European Commission has recommended a new submarine cable connecting Bulgaria as part of its Cable Projects of European Interest (CPEI), under the EU’s Action Plan on the Security of Submarine Cables
The Ministry of Defense has launched a public procurement procedure for the maintenance of Bulgaria’s Soviet-era MiG-29 fighter jets, allocating a total of EUR 58 million for a comprehensive overhaul
Italy will fund the construction of temporary infrastructure for a NATO battlegroup base in Bulgaria, after Bulgaria’s parliamentary defence committee approved the agreement
Bulgaria’s role in the Black Sea region is becoming increasingly significant as part of NATO’s southeastern flank and as the Alliance’s main access point to the Black Sea, according to a new report by the international think tank GLOBSEC, released on Mond
After months of unexplained delay, the Council of Ministers on Wednesday cleared a key investment project for the Bulgarian Armed Forces, giving the green light for the purchase of modern coastal anti-ship missile systems
Bulgaria holds the 62nd position worldwide in the military power index, according to the latest assessment by the online platform Global Firepower.
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