BULGARIA IN EU

Ministry of Finance Sends National Reform Programme and Convergence Programme 2019 – 2022 to the European Commission

The Ministry of Finance has sent to the authorities in Brussels the updated National Reform Programme and Convergence Programme 2019 – 2022 adopted by the Council of Ministers. The Country Report Bulgaria 2019, together with the documents launching the European Semester, has served as a starting point for the preparation of the two strategic papers.

The National Reform Programme focuses on the implementation of the measures addressing the CSRs of the Council for 2018 and the gaps identified in the Country Report Bulgaria 2019. It also reviews the progress made in the implementation of the national targets under the Europe 2020 strategy and presents a set of measures in policy areas contributing to enhancing the competitiveness of the economy and a short description of the government’s investment strategy aimed at addressing the shortage of investment in key growth areas.

The Convergence Programme takes account of the government’s priorities of adhering to a fiscal policy ensuring long-term public finance sustainability and effective targeting of public expenditures towards activities that accelerate the economic growth.

In order to achieve a balanced growth, sustainable convergence and higher living standards, the Bulgarian authorities will persist in their efforts to remove the barriers to private sector investment activity, improve the quality of public goods and services, investment in infrastructure, increase the funding in areas such as education, healthcare and social protection, improve the efficiency and effectiveness of public administration. Tax policy remains predictable while at the same time oriented towards promoting business development and investment activity by retaining the low tax rates for direct taxes, a broad tax base and a limited number of tax preferences. The government will continue its policies to improve tax collection and the fight against shadow economy and undeclared work.

NEWS FROM BCCI

Business mission from Slovakia will visit BCCI on May, 21st

It includes companies from the sectors of the automotive industry, machinery, machine tools, metrology... Още

Meeting with the Ambassador of Lebanon

In June is forthcoming an exposition of Lebanese products in Sofia Още

The Ambassador of Benin visited BCCI

The Benin’s economy is agreed to be presented to the members of BCCI’s Още

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With the support of the Bulgarian Chamber of Commerce and Industry Още

Meeting with the newly appointed Head of the Trade and Economic Affairs Office in Zagreb

BCCI and the Trade and Economic Office will promote the links between entrepreneurs from the both countries Още

INVESTMENT NEWS

VMWare invests another BGN 46 million in Bulgaria and hires 500 people

The company receives a Class A investment certificate Още

Chinese company secures USD 135.5 million for Bulgarian port project

To develop port infrastructure in Bulgaria’s Port of Varna Още

BULGARIAN ECONOMY

Тhe latest issue of the Monthly Report on Bulgarian Economy was released

Short-term business statistics reported strong performance in February as growth in industrial production and sales speeded up Още

Exports from the agriculture and food sectors in Bulgaria reached EUR 4.5-5 billion

After three years of efforts, there will be a solution for the export of Bulgarian dairy products to China Още

ENERGY AND ENERGY EFFICIENCY

Energy Minister: Our efforts are to make Bulgaria independent in gas supplies

The most important is the interconnector project between Bulgaria and Greece Още

BULGARIA IN EU

Ministry of Finance Sends National Reform Programme and Convergence Programme 2019 – 2022 to the European Commission

Още

Bulgaria will apply to host seat of European Labour Authority

The new structure is envisaged to bring together the technical and operational tasks of several existing EU bodies Още