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9% VAT on books and baby products becomes a permanent measure

The temporary measure of 9% reduced VAT on books, newspapers, magazines, baby nappies and food becomes permanent, Bulgaria's Parliament decided on December 15, adopting the second-reading amendments to the Value Added Tax Act.
Zero VAT on bread and flour remains in effect until the end of 2023
Zero VAT on bread and flour remains in effect until the end of 2023
The temporary measure of 9% reduced VAT on books, newspapers, magazines, baby nappies and food becomes permanent. This is what the Parliament decided on December 15, adopting second-reading...
Inflation down but food prices up in November
Inflation down but food prices up in November
Annual inflation rate in Bulgaria decreased for the second consecutive month. In November, 2022, compared to the same month last year, the rate of inflation was just under 17%. Inflation for...
Public supplier "Bulgargaz" proposed 40% increase in the price of natural gas for January
Public supplier "Bulgargaz" proposed 40% increase in the price of natural gas for January
"Bulgargaz” submitted to the Energy and Water Regulatory Commission (EWRC) an application for approval of the natural gas price for January 2023, the company said on December 12. The price...
Director of IMF’s European Department told BNT: The peak of price increase has not come yet
In a special interview for the BNT “Govori sega” programme on December 10, the Director of the European Department  of the...
Conference on the euro: Bulgaria lags behind the euro zone entry process
Bulgaria continues to lag behind the process for joining the euro zone by 2024. This became clear during a conference on the topic, held on...
National Statistical Institute reports GDP growth of 3.3% for the third quarter of 2022
The National Statistical Institute reports gross domestic product growth of 3.3% for the third quarter of 2022 compared to the third quarter of...
Russian oil imports: How will the exemption for Bulgaria affect the refinery in Bourgas?
In addition to the price cap on Russian oil, the derogation that Bulgaria will use for the import and processing of Russian oil delivered by sea...
Greece-Bulgaria natural gas interconnector began supplying gas to Moldova
Greece-Bulgaria natural gas interconnector began supplying gas to Moldova
The transportation of the first quantities of gas to Moldova via the Greece-Bulgaria natural gas...
Bulgaria’s central bank announces super hike in base interest rate
Bulgaria’s central bank announces super hike in base interest rate
Bulgarian National Bank announced the increase of the Base Interest Rate (BIR) to 1.30% from 1...
Bulgaria’s utilities regulator approves 18,7% rise in natural gas price from December 1
Bulgaria’s utilities regulator approves 18,7% rise in natural gas price from December 1
Bulgaria’s Energy and Water Regulatory Commission (EWRC) increased the price of natural...
Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme
Operation Admiral: European Public Prosecutor's Office uncovers a massive €2.2 billion cross-border VAT fraud scheme
The European Public Prosecutor's Office has uncovered a large-scale VAT fraud scheme in all 22...
National statisctical institute reports improvement of the business climate in Bulgaria
National statisctical institute reports improvement of the business climate in Bulgaria
In November 2022, the overall indicator of the business climate rose by 3.5 percentage points...
Bulgaria's energy authority fined 6 energy companies for market manipulation
Bulgaria's energy authority fined 6 energy companies for market manipulation
Six electricity companies were fined by the Energy and Water Regulatory Commission, for a total...
Minister of Regional Development: The gas interconnector is about 90% complete
Minister of Regional Development: The gas interconnector is about 90% complete
The finishing works on the gas interconnector with Greece are probably 90% complete, Ivan...
Transport Minister: The ban on exports of Russian oil is only for pipeline oil, but not for deliveries by sea
Transport Minister: The ban on exports of Russian oil is only for pipeline oil, but not for deliveries by sea
Bulgaria’s caretaker Minister of Transport, Hristo Alexiev, on November 23 explained that...
"Lukoil" transfers its entire economic activity into Bulgaria
"Lukoil" transfers its entire economic activity into Bulgaria
"We have reached an agreement with the management of Lukoil to transfer their entire economic...
Ministry of Economy survey asks businesses if they are ready for the adoption of the euro
Ministry of Economy survey asks businesses if they are ready for the adoption of the euro
Bulgaria’s Ministry of Economy and Industry has released an anonymous survey to businesses...
Annual inflation declined by 1%, now stands at 17.6%
Annual inflation declined by 1%, now stands at 17.6%
Annual inflation in October declined by 1.1%, according to the National Statistical...
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria’s central bank governor Dimitar Radev: There are conditions for imbalances in the economy
Bulgaria is facing serious imbalances in the economy because of different fiscal and monetary...
The state plans to collect BGN 72 million from excess profits of fuel companies
The state plans to collect BGN 72 million from excess profits of fuel companies
Next year, the state plans to collect 72 million BGN in excess profits from companies involved...
A serious spike in the prices of dairy products in Bulgaria
A serious spike in the prices of dairy products in Bulgaria
Serious spike in the prices of dairy products. In just 12 months, the price of cow’s milk...
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s energy regulator cuts natural gas price by 47%
Bulgaria’s Energy and Water Regulatory Commission approved a reduction in the price of...
Will prices stop rising and rate of inflation slow down?
Will prices stop rising and rate of inflation slow down?
Inflation will slow down in a month because energy resources will be cheaper, caretaker Minister...
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