Businesses face a 50-million leva expense to update cash registers for dual currency use, euros and leva, ahead of Bulgaria’s eurozone entry. Employers guarantee that until October 8, all fiscal devices will be ready to issue receipts in both currencies. The IT sector reports no major software problems, yet service centers authorized to update older…
International partners are allocating over UAH 3 billion to support households in frontline regions that rely on solid fuel for heating during the upcoming heating season. The funds are expected to be used for purchasing solid fuel, with each household receiving UAH 19,400 for this purpose. The support from foreign partners was discussed during a…
In July, the Ministry of Finance, in accordance with budget legislation, ensured the transfer of inter-budget grants to the general fund of local budgets amounting to UAH 10.7 billion, which was 100% of the funds allocated from the state budget for July. They included: – Basic grants transferred amounting to UAH 2.1 billion (100%); –…
Like many businesses that sell returnable goods, Zirafa, a children’s shoe retailer based in Zilina, has found itself on the losing end of Slovakia’s transaction tax, which came into effect in April. The company’s online shop is now generating unexpected costs. In short, they must pay the transaction tax even on items that are returned.…
Bulgarian businesses are facing additional costs as they prepare for the mandatory dual currency display of prices in leva and euros, a requirement set to take effect on August 8. They have until the end of October to adapt their cash register systems and accounting software without risking financial penalties. Eleonora Negulova, chairwoman of the…
A delegation led by Dilshod Rasulov, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, has begun a working visit to Latvia and Lithuania, starting with a trip to Riga. In the first part of the program, the Uzbek delegation toured the Riga Central Market, one of the largest trading complexes in Europe.…
The Commission for Protection of Competition (CPC) has fined Billa Bulgaria EOOD 405,936 leva for engaging in misleading advertising, in violation of Article 32, paragraph 1 in connection with Article 33 of the Law on Protection of Competition. The sanction stems from an investigation into a promotional campaign by the company involving the product “Basso…