Inside Bulgaria's Easter Celebrations: Traditions Passed Through Generations
Today marks the joyous celebration of Easter, one of the most significant holidays in the Orthodox Christian calendar.
Bulgaria ushers in the new year on a different note, as the State Budget Act for 2024 gets the green light, marking a departure from previous years of budgetary uncertainties. The freshly ratified budget signifies a significant milestone, offering stability as the nation steps into the year ahead.
This budget, crafted for the first time in consecutive years, forecasts a 3% deficit, signaling a cautiously balanced fiscal approach. Additionally, economic projections paint an optimistic picture, with an estimated annual inflation of 4.8% and a projected 3.2% growth in the country's economy.
In a move to refine tax categorizations, the National Revenue Agency rolled out updated criteria delineating large and medium-sized taxpayers. As per the new guidelines, 1,350 large companies have contributed substantially, each contributing more than 1.5 million euros to the national budget over the past year.
Under the revised criteria, large companies are now defined as those generating over 1.75 million euros annually or with sales revenue exceeding 150 million euros. Meanwhile, average taxpayers are characterized by contributions surpassing €0.75m or sales revenue crossing the €7.5m mark, encompassing around 3,300 companies in Bulgaria.
This budgetary update and refined tax categorization serve as pivotal steps in Bulgaria's financial landscape, setting the stage for fiscal stability and strategic revenue generation in the year ahead.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022