Ecotax

Soaring fuel prices in Greece have put the country in the unenviable position of being among the six most expensive in the world for unleaded gasoline, and are set to have multiple consequences on the entire production chain. The latest tax assault on fuel consumption has also placed it among the 15 most expensive countries in the world when it comes to diesel.

The Bulgarian Eco Ministry has projected an increase in eco-taxes for old vehicles, as they are more responsible for air pollution. This has been stated to be one of the measures to improve air quality in Bulgaria, as stated by Minister Ivelina Vasileva Tuesday, Presa Daily reported.

The Finance Ministry has announced plans to change the way that cars are taxed in Greece, creating what it says will be a ?fairer? system.

According to the ministry?s statement, vehicles will be taxed according to their retail price rather than engine size, as is currently the case.