Gold Prices Reach New High Amidst Fed Rate Cut Speculation
Gold prices surged to a new all-time high of 2,353 USD per ounce during early trading on Monday, continuing a rapid ascent witnessed over the past two weeks
Bulgaria's Parliament has decided to reduce the tax on interest earned from bank deposits from 10% to 8% as of 2014.
The measure was approved as MPs conclusively adopted amendments to the Income Taxes on Natural Persons Act, according to reports of Sega daily.
The government plans to reduce the tax rate by 2% on an annual basis until its conclusive abolition.
The initial plans of the socialist-led coalition government of Prime Minister Plamen Oresharski were to keep the tax rate at 10%, as it had been adopted by the center-right GERB government and entered into force as of January 2013.
The government planned to collect receipts of around BGN 90 M in 2014 through the 10% tax on interest earned from bank deposits.
Between the first and second reading of the proposed amendments to the Act, the Bulgarian Socialist Party (BSP) submitted a proposal that the tax rate on interest earned from bank deposits be reduced by 2% to the level of 8% in 2014, with 2% decreases taking effect every year over the next 3 years to come.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
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
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022