One of the largest China-linked companies operating in Slovakia, Bluefin Century, has filed for bankruptcy, signalling a sudden exit from a market where it had generated tens of millions of euros in annual revenue. The company, which for years ranked among Slovakia’s biggest distributors of IT hardware, asked a court to open insolvency proceedings through…
The global giants of the digital market are increasing the volume of VAT payments to the state budget. In the first quarter of 2026, revenues from the “Google tax” amounted to UAH 4.5 billion. This was reported on her Facebook page by the Acting Head of the State Tax Service Lesya Karnaukh. “The dynamics are…
The Economic Development and Digitalization Ministry (MDED) estimates a 2.2% growth in the Gross Domestic Product (GDP) in 2026, followed by a gradual medium-term acceleration to 4.2% in 2029. This trajectory will be supported by the implementation of structural reforms and investment projects envisaged in the EU-backed Growth Plan. According to MDED, the outlook for…
Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses. According to industry organizations, such a measure is necessary to avoid closures and stabilize the sector during a period of growing costs. They warn that…
In March, the general fund of the state budget received UAH 169.4 billion in taxes and fees controlled by the State Tax Service. The plan was implemented by 101.9%. This was reported by the Acting Head of the State Tax Service Lesya Karnaukh on her Facebook page. In addition, the budget received UAH 3.1 billion.…
Preliminary data from the National Statistical Institute (NSI) indicated that consumer prices in Bulgaria increased by 0.7% in March on a monthly basis, while annual inflation reached 3.9%, according to the agency’s flash estimate. The NSI has recently begun publishing so-called “flash inflation” figures, providing early readings on price dynamics before the release of full…
In January-February, 530 payers of parking fees transferred UAH 38.1 million to local budgets. This is 13.6% more than in the same period last year. Then, budgets received UAH 33.5 million. Large regions traditionally remain the leaders in terms of payment volumes. The largest revenues were provided by: – Odesa region – UAH 13.7 million;…