Value-added tax

KEVR Approved Electricity Prices for Customers of EVN Bulgaria from 1 July 2019

In its decision № CC-19 dated July 1, 2019, the Energy and Water Regulatory Commission (KEVR) approved new electricity prices for household and non-residential customers connected to a low-voltage grid in Southeastern Bulgaria in force since 01.07.2019.

According to the KEVR's Decision, the final VAT rates for household customers in Southeast Bulgaria are as follows: 

Electricity, Heating and Hot Water Prices Will Rise from July 1

Electricity, hot water and hot water prices will rise from July 1. On average, the heat price increases by 4.5%. Most expensive will be in Razgrad - with an increase of nearly 18% and Gabrovo - by almost 13%. After them are Vratsa, Veliko Tarnovo and Plovdiv.

The jump in the electricity price is on average about 3.5% for the country. The increase is within annual inflation. 

Bulgarian PM Borisov Dismissed the Idea of Reducing VAT

The government closes the subject of a reduction in value added tax (VAT). The talks are being terminated because they contradict one of the points in the coalition agreement between GERB and the United Patriots, namely that within the mandate of this government tax laws should not change. This was announced by Prime Minister Boyko Borisov after today's Coalition Council.

SYRIZA’s 17 taxes that broke the back of the middle class

An avalalanche of over a dozen new taxes and tax hikes imposed during SYRIZA's four-and-a-half years in power is widely considered the main reason for the disastrous result of the 26 May European Parliament election.

The government's long string of tax hikes was in large measure due to its inability to meet fiscal targets agreed to with creditors.

Eurasia maps out priorities of ND’s economic policy

A New Democracy government would reduce taxes for households and enterprises, negotiate with the country's creditors for the revision of the primary surplus target of 3.5 percent of gross domestic product, and try to improve Greece's credit rating to investment grade, Eurasia says in a note on the priorities of the economic policy of the party it sees as a strong election favorite.

Bulgartransgaz Changed the Consortium, Which Will Build "Turkish Stream" Through Bulgaria

Bulgartransgaz changed the consortium, which will build "Turkish Stream" through Bulgaria. The reason - the previous favourite did not submit the required documents in time, and the second one, in the meantime, gave a more favourable offer. 

Almost 3000 Farmers have Received over 3 million leva for Pest Control

The State Fund "Agriculture" transferred over 3 million leva (BGN 3 031 795) under the scheme "Aid for compensating farmers for the implementation of measures under the National Program for Pest Control on Perennials during the Winter Period" in 2019. 2,959 producers who grow perennial fruit, strawberries and raspberries received subsidies.