Tourism Sector Alarmed: Over 70,000 Israeli Visitors Cancel Trips to Bulgaria
Bulgaria’s tourism sector is facing a significant setback after the cancellation of trips by Israeli visitors due to the ongoing conflict in the Middle East
PASSED AMENDMENT TO VAT ACT TO BE CORRECTED SOON
Business | December 8, 2001, Saturday // 00:00
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According to the amendments to the Value Added Tax that the Parliament adopted on December 7 the VAT credit reimbursement term is extended to 6 month, while it had to be reduced to 3 months. Under the current act VAT credit is paid back in 45 days after a 4-month period expires. Tax experts assured that the mistake will be corrected by the Regulations on the VAT Act implementation. 10% of the companies’ profit will be given away as donations. If the money is donated to hospitals and schools, the sum will be considered as expenditures. A total of BGN 594 M of state subsidies will be released to the municipalities in 2002, while some of them will have to make deposits with the budget of about BGN 161, 8 M. According to MPs the expected economic growth will lead to tax revenues of about BGN 705 M. Kiril Ananiev, Deputy Finance Minister commented that in 2001 the profit tax will be exceeded mainly because of the sale of Bulbank.
Bulgarian Fuel Prices Soar Up to 9% in a Week - And It’s Only the Start
Fuel costs in Bulgaria have jumped sharply over the past week, rising between 6 and 9 percent, according to data from the platform Fuelo.
Oil Explodes Past 100 Dollars as War Fears Grip Global Markets
Global oil markets opened the week with an abrupt surge in prices, pushing crude benchmarks above the symbolic USD 100 per barrel mark for the first time since the early stages of the war in Ukraine in 2022
Bulgaria: Economy Produces 5,216 Euros Per Capita in Q4 2025
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Fuel Prices Lower in Bulgaria Than in Greece Despite Rising Global Oil Costs
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
200 Employees Out of a Job: Battery Manufacturer Closure Signals Broader Struggles for Bulgarian Manufacturing
The Pazardzhik-based battery manufacturer "Elhim-Iskra" will halt operations and begin laying off staff, affecting nearly 200 employees
Business | March 6, 2026, Friday // 16:00
