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Economy

The decisions on zero VAT rate for bread and on fuel discount have been published in State Gazette

State budget updates were published in the State Gazette, bringing into effect the zero VAT rate on bread and flour, as well as the 0,25 BGN discount per litre of fuel. However, the discount on fuel will be possible to be used three days after the promulgation, at the end of the week, and...
The decisions on zero VAT rate for bread and on fuel discount have been published in State Gazette
How will reduced rate of VAT affect price of bread?
How will reduced rate of VAT affect price of bread?
Reducing VAT on bread will not lead to a lasting price reduction for the end consumer, smaller bread traders believe. Against this background, some of the country's major supermarket chains are...
Prices of heating and hot water in Sofia rise by 40% as of July 1
Prices of heating and hot water in Sofia rise by 40% as of July 1
Bulgaria’s Energy and Water Regulatory Commission on July 1 approved the price of natural gas for July. The price of heating will go up by average 29,73% for the whole country. In...
Bulgaria’s energy regulator approved 3.4% increase in electricity prices for household consumers as of July 1
Bulgaria’s energy regulator approved 3.4% increase in electricity prices for household consumers as of July 1
Bulgaria’s Energy and Water Regulatory Commission adopted a decision approving the prices in the electricity sector for the new regulatory period  July 1, 2022 – June 30,.2023....
Retirement-age pensions go up by 10% from July 1
Bulgaria’s Parliament on June 28 approved that all retirement-age pensions will be increased by 10% from 1 July, adopting at second reading...
Ministry of Innovation, Ministry of Interior and SANS cooperate to fight corruption in EU funds spending
An Interaction and Cooperation Agreement has been signed between the Ministry of Innovation and Growth, the Ministry of Interior and the State...
IMF projects average inflation in Bulgaria of 12.2%
The International Monetary Fund projects inflation in Bulgaria to average 12.2% in 2022, reaching 11.6% at the end of the year. This is stated...
Eurostat: Bulgaria among the EU countries with lowest consumer price levels in 2021
In 2021, price levels for consumer goods and services differed significantly across the 27 EU Member States, according to results of a Eurostat...
Transport industry supports national protest against high fuel prices
Transport industry supports national protest against high fuel prices
Bulgaria continues to be the EU country that has not yet taken action against rising fuel prices...
Business community with a letter to Parliament and PM: We want compensation and guarantees for long-term gas and oil supplies
Business community with a letter to Parliament and PM: We want compensation and guarantees for long-term gas and oil supplies
In a letter to the Bulgarian Parliament and Prime Minister Kiril Petkov, on June 20, the...
Tonnes of cherries in Bulgaria’s Kyustendil may remain on the trees unpicked
Tonnes of cherries in Bulgaria’s Kyustendil may remain on the trees unpicked
The price of cherries in shops and markets remains high and at the same time tonnes of fruit in...
Fitch affirmed Bulgaria’s ‘BBB’ credit rating, with positive outlook
Fitch affirmed Bulgaria’s ‘BBB’ credit rating, with positive outlook
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at...
Both the government and the opposition alarm about fuel speculation
Both the government and the opposition alarm about fuel speculation
Another small petrol station in Rousse closed for an indefinite period of time due to high fuel...
Road construction companies threaten to halt repair and maintenance works
Road construction companies threaten to halt repair and maintenance works
Road construction companies stop repairing and maintaining roads. They are unhappy that the...
National Statistics: Annual inflation rate for May 2022 is 15.6%,
National Statistics: Annual inflation rate for May 2022 is 15.6%,
The annual inflation rate for May 2022 compared to May 2021 is 15.6%, data released by...
Bulgaria’s PM Kiril Petkov will visit Azerbaijan in relation to gas supplies
Bulgaria’s PM Kiril Petkov will visit Azerbaijan in relation to gas supplies
Prime Minister Kiril Petkov will visit Azerbaijan on Thursday, 16 June. He will participate in...
Bulgaria and Armenia to promote bilateral partnership in economy, tourism and education
Bulgaria and Armenia to promote bilateral partnership in economy, tourism and education
The search for new opportunities to promote the partnership between Bulgaria and Armenia in the...
Bulgaria to absorb 22 billion BGN from the EU cohesion fund
Bulgaria to absorb 22 billion BGN from the EU cohesion fund
Bulgaria's agreement with the EU for the Cohesion Fund is politically and technically ready and...
PM Kiril Petkov met the President of the European Investment Bank
PM Kiril Petkov met the President of the European Investment Bank
Bulgaria’s Prime Minister, Kiril Petkov, held a meeting with the President of the European...
Bulgaria’s energy regulator approved the price of natural gas for June
Bulgaria’s energy regulator approved the price of natural gas for June
Bulgaria’s Energy and Water Regulatory Commission on June 10 approved the natural gas...
European Commissioner for Cohesion met with Bulgaria's President Radev
European Commissioner for Cohesion met with Bulgaria's President Radev
President Rumen Radev met with the EU Commissioner for Cohesion and Reforms, Elisa Ferreira, on...
Financial Forum Innovations brought together leading bankers and financiers in Sofia
Financial Forum Innovations brought together leading bankers and financiers in Sofia
The eighth edition of the financial forum "Innovations", organised by the association "Bank of...
OLAF: Bulgaria should return more than EUR 30 million for EU-funded projects
OLAF: Bulgaria should return more than EUR 30 million for EU-funded projects
The European Anti-Fraud Office (OLAF) recommended that over EUR 30 million should be returned to...
Finance Ministry does not expect inflation and unemployment to increase simultaneously
Finance Ministry does not expect inflation and unemployment to increase simultaneously
"The finance ministry does not expect inflation and unemployment to increase simultaneously,...
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