PRICES OF TOURIST SERVICES TO INCREASE

Business | October 22, 2001, Monday // 00:00

`The prices of the Bulgarian tourist packages sold abroad will rise in the range of 15% to 30% in case that Value Added Tax (VAT) is imposed on them. Thus, the packages will become non-competitive on the European market,` the Bulgarian representatives of the German tour operators TUI and ITS commented. The Bulgarian Government and the International Monetary Fund mission to Bulgaria will discuss the VAT introduction on tourist services during the week. The IMF did not agree to further postpone the VAT introduction. The only possibility is the Bulgarian Government to negotiate at least 50% VAT refund.
Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria