Sofia Residents Reap Over BGN 4 Million in Savings on Local Taxes for 2024
Sofia residents who have dutifully paid their local taxes for the year 2024 have collectively pocketed a substantial sum, saving a remarkable BGN 4,678 million by April 14
Bulgaria has dropped from 38th to 39th place in the Doing Business ranking of the World Bank, which includes 190 countries.
In spite of the slight improvement, the worst evaluation of the country is in the Getting Electricity Category – 104th.
In the overall ranking, the categories Paying Taxes (83rd), as well as Starting a Business, where Bulgaria drops 4 places to 82nd, also contribute to the lower placement of the country.
According to the World Bank, conditions in Bulgaria have deteriorated with respect to the category Protecting Minority Investors – a drop from 10th to 13th place, compared to 2015.
In the category Getting Credit, Bulgaria drops three places and ranks 32nd.
Bulgaria drops one position in the categories Dealing With Construction Permits (48th), Resolving Insolvency (48th) and Registering Property (60th).
Bulgaria maintains its ranking in the categories Trading Across Borders (21st) and Enforcing Contracts (49th).
According to the ranking of the World Bank, the top 3 countries to do business are New Zealand, Singapore and Denmark.
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As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
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
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
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
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Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022