Strategic EU-US Trade Deal Brings 15% Tariff on Key Sectors, Wine Talks Continue
European exports of cars and pharmaceuticals to the United States will now face a 15 percent customs duty
Photo: BGNES
An average of 140 M packs of contraband cigarettes are being sold each year in Bulgaria, shows a survey of the Centre for Studying of Democracy, quoted by News.bg.
The “sector” employs 15 000 people and brings losses of between BGN 400 and 500 M to the state budget.
Compared to 2012, the consumption of illicit cigarettes in Bulgaria rose by 15.3% and in Q2 2014 reached a market share of 20%, according to the data of an independent marketing agency.
Meanwhile, five large tobacco companies, the Customs Agency and the Interior Ministry, launched a campaign against the illegal cigarettes trade in Bulgaria. It will explain that that the consumption of contraband smokes supports organised crime.
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
The demand for euro coin sets proved overwhelming, as post offices across Bulgaria reported that their stocks had rapidly depleted.
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