Bulgaria to Keep Existing Tax System Next Year
- Tweet
Send to Kindle
File photo, BGNES
The tax system of Bulgaria is working well and need not be alterated throughout 2017, the head of Parliament's budget committee has said.
The government will not resort to any changes for now as the system currently in force has been generating GDP growth that is beyong the EU's average at the moment, Menda Stoyanova has told public broadcaster BNT in an interview.
Stoyanova, who presides over the Budgetary Affairs Committee with Parliament, has thus rejected calls from the opposition to introduce differential VAT rates for children's goods, books, medicine and several other items.
The Bulgarian Socialist Party (BSP) last week submitted the demand, but it was rejected as "populist" from the main ruling GERB party.
Stoyanova has warned the move could only exhaust the fiscal reserve but might not result in lower prices for the goods in question.
Bulgaria Says EU-Mercosur Deal Won’t Harm Its Economy
Bulgaria’s outgoing Agriculture Minister Georgi Tahov has assured that the European Union’s trade deal with Mercosur will not negatively affect the country’s economy, pointing to the very limited trade between Bulgaria and the South American bloc.
Chairman of Bulgaria's Fiscal Council: Euro Transition Smooth, Prices Already Raised and Won’t Drop
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
Bulgaria Boosts Postal Euro Exchange with €25 Million in Extra Funds
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
Bulgarian National Bank Projects Stronger Domestic Growth Through 2027
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
Bulgaria Handling Euro Introduction Better Than Croatia as Leva Withdrawal Accelerates
The process surrounding Bulgaria’s transition to the euro is unfolding smoothly and compares favorably with similar experiences in other countries
Bulgaria: Nearly Half of Lev Currency Already Withdrawn as Euro Transition Progresses
The process of converting Bulgarian levs to euros continues smoothly, with 48.3% of the national currency already withdrawn from circulation
