Two Women And A Baby Are In Hospital After Being Hit By A Van in Sofia
Two women and a baby were transported to "Pirogov" hospital after they were hit by a van on a footpath on "Tsar Boris Treti" Blvd. in the Bulgarian capital earlier today
Several leading foreign store chains in Bulgaria established Tuesday their Association for Modern Retail, the companies announce.
The founders include Billa, Praktiker, Kaufland, Lidl, HIT, Monsieur Bricolage, Penny Market, and Metro Cash and Carry.
The Association aims at protecting the rights of its members without violating competition and free trade principles. One of the goals is to reduce the gray economy and the black market in order to protect the interests of the State and of consumers. Another one is to provide assistance in the preparation of the tax policies because a stable policy means stability for the State, according to the founders, who also say a possible increase of the Value Added Tax (VAT) would not increase revenues and might even bring them down.
All regional managers attended the meeting, except those of Penny Market. The Board has 3 members – the managers of Metro, Billa and Monsieur Bricolage while the CEO of Metro, Emiliyan Abadzhiev, will be the Board's Chair.
“The Association represents companies who are top investors, taxpayers and employers in Bulgaria with annual turnover of EUR 1.5 B,” Abadzhiev said, adding membership is open to all retailers in Bulgaria who have at least 5 000 square meters of store space and an annual turnover of at least BGN 10 M or have at least 300 employees.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022