pexels.com The European Commission has approved an amendment to the Bulgarian Innovation and Competitiveness operational program, allowing the mobilization of EUR 511 million from the European Regional Development Fund and the Cohesion Fund to help the Bulgarian economy cope with the adverse effects of the Coronavirus crisis. This financial support shall include gratuitous

pixabay.com The families with one child will have tax relief of BGN 450 next year. This was finally decided by MPs with the changes made under the transitional and final provisions. This is the actual amount, which results from deducting BGN 4500 from the tax base of one of the parents. For those with two children BGN 900 will remain in the family budget, and for families with

wiki The parliamentary group of the National Front for the Salvation of Bulgaria (NFSB) proposes that all closed outlets and companies receive financial compensation - 80% of their turnover last year. NFSB MP Valery Simeonov explained that this measure should replace the one now implemented - 60/40 payments.According to it, for each employee businesses could receive

  pexels.com Crises always lead to upsurge in certain sectors of economy and inflicted huge losses to the other. The economy is inevitably and immediately impacted by the nature of crisis, as in the case of COVID-19 in 2020 it has changed the usual practices of the community as a whole. We have seen in a very demonstrative way how the health crisis and lockdown have created conditions

  pexels.com "On electronic trading platforms, which are becoming increasingly popular, the same product can be offered by different traders. Even if its promotion looks the same, but information about this trader is different, let consumers not be surprised that there may be different prices for this product and, respectively, different percentage discount rates if this

  In the third trimester of 2020,a little over 324,000 Bulgarian citizens traveled across Bulgaria and abroad, which is 23.6% less as compared with the last year, which is explained by the epidemic situation in the country, preliminary data of the National Statistical Institute (NSI) show. The majority of Bulgarians, or 94.1%, have traveled only within our country, 3.2% -

The National Social Security Institute announced that the average social security income in Bulgaria for September is BGN 1,081 and 73 stotinki. This is an increase of over BGN 21 compared to the previous month of August. Despite the pandemic and the economic consequences, the statistics kept by the National Social Security Institute show that the insurance income continues to

  pexels.comNext year, economic analysts expect growth of company bankruptcies rate in Bulgaria by 21 percent compared with 2019. The crisis impact on companies and the increase in bankruptcies will be similar to the 2009 insolvencies surge, the difference is that Covid-19 affects many more countries. Long delays in payments or the large number of customers who do not pay on time can lead

The Bulgarian National Social Security Institute is starting to offer a new electronic service. Employers who terminate their activity will be able to apply for the payroll and employment documentation electronically. The software product is available through the website of the Social Security Institute and through the Unified Portal for Access to Electronic Services of the State

The Bulgarian government launched a campaign aimed at supporting the business in the country in times of the pandemic in collaboration with the Ministry of Economy which has allotted BGN 400m in order to mitigate the hard consequences of the COVID-19 crisis. This transpired from the report of the Economy Minister Lachezar Borisov presented at the today’s cabinet sitting. Before PM Boyko Borissov