Incentive

The way of transition will depend on the link between the monthly fee and the promotion of other benefits or incentives

As it emerged from the constructive debate in Parliament on Friday, government incentives to attract foreign capital, such as the Golden Visa program, have ended up causing more distortions in the property market than benefiting the national economy.

The acuteness of the housing crisis, but also the traces of opacity, justify a complete revision of the current regime.

The support provided under the Small and Medium Enterprises Development Organization (KOSGEB) will be increased by at least 100 percent in line with the country's growth targets, Industry and Technology Minister Mehmet Fatih Kacır has said.

The incentives to attract capital to Greece known as the Golden Visa program were justified in an economy struggling to emerge from bankruptcy.

In an environment of frenzied property price increases and pockets of overtourism, it causes more distortions than it helps.

It is not the kind of investment the country needs.

A recent survey sheds light on the evolving trends in Christmas bonuses among Bulgarian employers, indicating a shift in their approach towards year-end rewards.

A pay rise alone is not enough to lure back scientists who emigrated during the financial crisis of the previous decade, according to the majority of participants of a conference on the challenges and opportunities for individuals, society and the economy by the National Documentation Center. 

The Labor Ministry is bringing significant changes to the digital work card, as well as providing incentives to speed up its use by businesses.

Its objectives remain the containment of undeclared labor and transparency in terms of employment, but ways are being sought to limit the bureaucratic hurdles that often make it difficult to properly implement the measure.

European Commission to propose incentives for households and industry who reduce demand before winter

The Interior Ministry is working on drastic reforms in the public sector to improve efficiency, promote meritocracy, root out corruption and, ultimately serve the public more effectively.

Industrialists expect the new government to accelerate the licensing process, cut energy costs and offer amortization incentives, but have expressed disappointment that there is no ministry for industry.