The new method for calculating work experience—based on actual hours worked – will take effect on January 1, 2027, rather than September 1 of this year
With almost no debate, the National Assembly (NA) passed on second reading amendments to the Competition Protection Act (CPA) that provide for stricter penalties
The National Assembly (NA) adopted Bulgaria's state budget for 2026 at first reading. The debate among MPs was dominated by criticism and disputes over the proposed parameters
The obligation stems from a European directive, which has not yet been implemented by all member states.
Once a snowball gets rolling down a hill, there is no stopping it. This is a useful analogy for the situation with the growing expenses in the Bulgarian state budget
The Bulgarian Ministry of Finance failed to collect about EUR 1.25 billion from the pledged revenues, subsidies and donations in the 2023 state budget
Bulgaria has made one of its most significant tax changes in the last 15 years, raising corporate tax to 15% for the country's largest companies
Assen Vassilev's draft budget for next year is full of risks of non-implementation. This is the opinion of the Bulgarian Fiscal Council, an independent advisory body on fiscal management
Bulgaria’s Finance Minister Asen Vassilev presented a draft budget for 2024 acceptable to meet the country's entry requirements into the Eurozone
The European Commission and the European Central Bank (ECB) have expressed their "full support for Bulgaria's accession to the euro area"
The basic philosophy that I explain to foreign delegations that come to Bulgaria is that if they have come to Bulgaria for cheap labour
The Bulgarian Ministry of Finance has published its autumn economic forecast with relatively high optimistic economic growth for 2024
The Bulgarian budget deficit reached EUR 700 million, according to preliminary data by the country’s Ministry of Finance. This means that in the month of October alone
