World Bank

PM Orban: We have highest VAT evasion, lowest VAT collection rate in EU

Prime Minister Ludovic Orban said on Wednesday that Romania has the highest VAT evasion and the lowest VAT collection rate in the European Union, but the level of 19pct is a reasonable one. "We are the country with the highest VAT evasion. We have the lowest VAT collection rate in the EU.

World Bank’s Doing Business 2020 Ranking: Bulgaria Drops 2 Positions Down

Bulgaria dropped down from the 59th to the 61st position in the Doing Business 2020 annual ranking of the World Bank. The report of the financial institution assesses the reforms in the national economies in terms of business environment, poverty levels, regulatory efficiency, promotion of entrepreneurship, startups, innovations, access to credits and investments, BNR reported.

PM Borissov: Our Efforts Yield Results - Bulgaria Continues to Attract Foreign Investors

Our efforts yield results - new centres are opened, we have highly qualified employees, Bulgarians are returning from abroad because Bulgaria is a wonderful place to live, Prime Minister Boyko Borissov said at the opening of BOSCH Engineering Centre in Sofia Tech Park, the government press office said.