Send to Kindle
Sofia Photo Agency
Bulgarian National Revenue Agency officers are inspecting a number of deals with grain, informed Bulgarian Minister of Agriculture Miroslav Naydenov.
Speaking in an interview for bTV Tuesday, Naydenov said that it is according to him very likely that a number of schemes of VAT draining will be unearthed.
He recalled that recently anumber of such schemes were discovered in trade with sugar in Bulgaria.
The sugar affair even involved arresting and charging famous Bulgarian businessman Grisha Ganchev, owner of the Litex consortium.
Six other persons were detained, including Ganchev's son, who were claimed to have hidden due taxes amounting to some BGN 200,000.
"In the grain trade there is a large draning of VAT using fictious export and fictitious bills. Were are even considering alterint the tax regime to curb that," said Naydenov.
The idea is for the VAT to be paid to the state budget by the buyer, not by the seller.
The General Directorate of the National Police has issued warnings about potential fraud as Bulgaria prepares to introduce the euro.
Farm Sense AD, a long-standing agribusiness company based in the Dobrudja region, has initiated bankruptcy proceedings in the Sofia City Court
The Russian Embassy in Sofia has issued a warning that an increasing number of Russian citizens in Bulgaria are falling victim to property-related fraud
A large-scale cryptocurrency fraud scheme worth over 100 million euros has been dismantled following an international operation coordinated by the European Judicial Cooperation Office
BORICA has officially become the first and only Bulgarian provider registered in the public register of the European Payments Council (EPC), following the completion of registration and technical compliance procedures
The head of Bulgaria’s National Association of Grain Producers, Iliya Prodanov, has warned that this year's severe drought and high temperatures are set to cause extremely poor yields for sunflower and corn crops
The Commission for the Protection of Competition (CPC) has highlighted a troubling disparity in Bulgaria’s dairy sector: consumers face some of the highest prices for dairy products in the European Union, while local producers and processors struggle to s
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
Bulgaria currently has sufficient reserves of motor fuels and raw materials to cover normal domestic consumption for more than three months, Deputy Finance Minister Stanimir Mihaylov told lawmakers during an extraordinary sitting of the National Assembly
Energy expert Nikolay Kacharov, speaking to Bulgarian National Radio, highlighted that Bulgaria’s energy costs have risen significantly due to contractual obligations, even before considering increased gas prices caused by the conflict in the Middle East
Energy Minister Traycho Traykov has held talks with representatives of the Bulgarian Oil and Gas Association to discuss developments on international energy markets and their impact on fuel prices in Bulgaria
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace
