Bulgaria Secures €490 Million from EU SAFE Program to Boost Defense Industry
Bulgaria is set to receive €490 million through the EU’s Security Action for Europe (SAFE) instrument
Tax inspectors have established that the owners of luxury vehicles in Bulgaria owe extra BGN 1.1 M in taxes to the state.
So far, 31 out of the ordered 148 audits dealing with the revenues of owners of luxury cars have been completed, the National Revenue Agency (NAP) informs.
Since the end of last year, more than 1800 inspections of owners of luxury cars have been conducted.
During the inspections, 21 owners made corrections to their declarations, stating to NAP their actual revenues, which had been established by officials during the audits.
So far, figures show that owners of luxury cars in Plovdiv owe the largest amount in additional taxes to the state.
Only nine audits in Plovdiv have established BGN 350 000 payable in additional taxes, with just one of the owners having to pay BGN 252 000.
The eleven audits completed in Sofia so far have established the owners of luxury cars owe BGN 326 000 in additional taxes.
Bulgaria’s export sector continued to face challenges in 2025, marking the third consecutive year of decline
Bulgaria continues to stand out in the European labor market for both its low unemployment and the high employment rate among young graduates
Bulgaria’s National Statistical Institute (NSI) has reported a visible deceleration in inflation, according to the latest Consumer Price Index, calculated on the basis of more than 40,000 price observations covering around 8,000 goods and services
Defense modernization programs around the world are increasingly shaped by one central requirement: adaptability.
Outgoing Bulgarian Energy Minister Zhecho Stankov described the extension of the general license for Lukoil subsidiaries in Bulgaria until August 13 as more than a bureaucratic formality, calling it a key measure of economic stability for the country.
Property values in Sofia have surged by approximately €500 per square metre over the past year, according to data from one of Bulgaria’s largest real estate agencies. Across the country’s main cities, housing costs climbed by 20% in the final quarter of 2
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