The value added tax for restaurants and entertainment establishments in the tourism sector will be reduced to 9% as of January 1, 2021. The agreement […]
Category: Politics & Elections
Bulgarian Industrial Association: The 60/40 Measure Does Not Work
A survey by the Bulgarian Industrial Association (BIA) among 580 enterprises in the sphere of services and trade shows that more than 80% of them […]
The 60/40 Wage Support Scheme Works Great According To NEA
More than 156,000 employees from 10, 723 enterprises will keep their jobs thanks to the 60/40 wage support scheme, the Bulgarian Ministry of Labor and […]
Eurostat: Euro Area Unemployment At 7.4%
In March 2020, the month when COVID-19 containment measures began to be widely introduced by Member States, the euro area seasonally-adjusted unemployment rate was 7.4%, up from 7.3% in February 2020. […]
2000 km Away From The Green Deal: How The History Of One Power Plant Turned Into Destiny For Several Generations Of Bulgarians
Future without carbon emissions – this is the goal of the European Commission for the start of the next decade supported in principle by the […]
MLSP: Nearly 102,000 Employees From Over 7,400 Companies To Retain Their Jobs
A total of 7403 job retention applications from 101 849 employees were submitted under the 60/40 measure at labor offices across the country as of April 27. […]
EC Approves A €150 Million Bulgarian Scheme To Support SMEs
The European Commission has approved a €150 million (approx. BGN 294 million) Bulgarian scheme to support small and medium-sized enterprises (SMEs) in the context of the coronavirus outbreak. The scheme was […]
Bulgaria’s Government Debt Is 8.3 percent Of GDP Reports BNB
The Bulgarian National Bank reports that the gross external debt of the State Governance sector at the end of February 2020 amounted to EUR 5 […]
Bulgaria Has The Second Lowest Debt In The EU
Bulgaria has entered the coronavirus pandemic crisis with the second lowest percentage of debt in the EU and the third highest percentage of budget surplus. 2019 figures have been released […]
BTA: European Central Bank, National Bank Of Bulgaria Set Up Swap Line
The European Central Bank (ECB) and the National Bank of Bulgaria (BNB, the central bank) have set up a swap line to ensure liquidity of up to two billion euros, the […]