Big Tax Increases for 2025! See What’s Changing in Your Municipality
Several Bulgarian municipalities have adjusted their local taxes and fees for 2025
The Bulgarian state is going to transfer control of some 60% of the country’s mineral water spring to the respective municipalities for a period of 25 years.
Of the 102 mineral water springs in Bulgaria, some 60 are not being utilized by the state or private concessionaires, announced Asen Lichev, head of the Water Directorate at the Environment Ministry.
“The centralized model of governance is inefficient, and it is indicative that this mineral water is being wasted, and not being put to good use. Only 40% of the mineral water in Bulgaria is utilized,” Environment Minister Nona Karadzhova has said.
The local authorities are going to be given the responsibility only for mineral water springs falling with one single municipality which have not been offered on concession yet.
Once they gain control over the springs, the municipalities will be able to offer them on concession but the quantities of water received from each spring will have to be approved by the Environment Ministry.
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to ‘BBB+’ with a stable outlook, marking the highest level in the medium investment-grade tier
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
Wizz Air is accelerating its return to Israel
Authorities have launched a wide-ranging investigation into the controversial gas transmission agreement between Bulgaria’s state-owned Bulgargaz and the Turkish company Botas
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe