Massive Illegal Cigarette Factory Uncovered in Southern Bulgaria
Authorities have uncovered what is believed to be the largest illegal cigarette factory ever discovered in Bulgaria
From today - 20 May, a European Union regulation which establishes a traceability system for each box of cigarettes enters into force.
Each box of cigarettes manufactured or imported in Bulgaria must have a unique code which will allow its tracing to follow from the production to the customer.
The goal is to prevent illicit cigarette trade. The decision was made on 15th December 2017.
After May 20, manufacturers, importers, wholesalers and retailers may only operate if they are registered with the tobacco traceability system.
The online system operates in the BNB printing house since April 15th. Codes are free.
Legal entities and sole traders involved in the sale of tobacco products must be registered in the tobacco tracing system in order to obtain identification codes, both as traders (economic operators) and for their retail outlets. This means that if a legal person sells cigarettes in two stores, there must be three codes - for the company and for each of the stores.
An American company specializing in robotic and minimally invasive surgery has launched a new production facility in the Bulgarian town of Parvomay, marking a key step in its European expansion
Two leading global credit rating agencies, Fitch Ratings and S&P Global Ratings, have raised Bulgaria’s long-term foreign currency credit rating to ‘BBB+’ with a stable outlook, marking the highest level in the medium investment-grade tier
The adoption of the euro inevitably brings a degree of unease and uncertainty, much like the introduction of the currency board in the 1990s
Loan interest rates in Bulgaria are expected to stay stable even after the transition to the euro
The Ministry of Finance has introduced an online currency conversion calculator, now available on the official euro adoption website for Bulgaria - evroto.bg
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