Bulgaria is currently meeting the Maastricht criteria required for eurozone membership, with its macroeconomic indicators showing a stable path toward adopting the euro until 2024. According to data from Eurostat, inflation in Bulgaria has remained consistently below 3% for several consecutive months, fulfilling one of the key conditions for joining the single currency. From June…
During recent inspections in Bulgaria’s winter resorts, tax authorities uncovered several establishments failing to issue proper sales receipts. The National Revenue Agency (NRA) conducted checks across popular tourist destinations, including Bansko, Razlog, Dobrinishte, Banya, Borovets, Smolyan and Pamporovo, identifying 28 businesses that were not fully compliant with reporting regulations. Among the violations found were discrepancies…
According to the State Treasury Service, the general fund of the state budget received UAH 2,177 billion in 2024. Among the payments controlled by the tax and customs authorities, the following main revenues were received: – UAH 466.1 billion – value added tax on goods imported into the customs territory of Ukraine; – UAH 271.1…
In 2024, the European Union became the largest donor of financial assistance to Ukraine, having provided $17.3 billion under the Ukraine Facility instrument. The relevant statement was made by the Finance Ministry. “The European Union provided Ukraine with the largest amount of financial assistance under the Ukraine Facility for 2024-2027. The total amount of support…
The Bulgarian economy faces a significant workforce shortage, with over 250,000 vacancies across various sectors. The most acute deficits are found in construction and healthcare, where there is a lack of specialized professionals and managerial staff. As a result, businesses are bracing for rising labor costs as they compete to retain qualified workers. Companies are…
While Lithuania has reported a rise in tax evasion by foreign nationals using platform apps to make a living, the issue is not, authorities say, as major in Estonia, thanks in part to a tightening of regulation. Estonia’s efforts to address tax evasion by platform workers are ongoing, but undeclared wages still result in EUR…
Bulgaria’s Ministry of Finance projects a budget deficit of approximately 6.1 billion leva for 2024, equating to 3% of the anticipated GDP. This forecast aligns with the reference value set by the Stability and Growth Pact and is marginally better than the initial estimate of 6.2 billion leva outlined in the annual budget. The ministry…