Peevski calls for zero VAT on bread and 9% for restaurants
Peevski's MRF New Beginning will back the retention of measures exempting bread and flour from VAT while maintaining the 9% VAT rate for the restaurant industry, Peevski announced on Facebook.
Until the end of 2024, the same scheme applied to both sectors. However, due to the failure to pass the budget for this year, the rates reverted to the standard 20% VAT for all businesses, including bread producers. So far, reports have seen an increase in bread prices of an average of 40 stotinki across the country.
"Our decision is driven by the sharp increase in the prices of bread and bakery products, which are staples for Bulgarian households. We find it unacceptable that the cost of political instability and the inability of parties to form a regular government should be borne by the people and businesses," Peevski stated.
Bulgarians spent 1.37 billion levs through bank cards during the holidays
During the Christmas and New Year holidays, Bulgarians paid over 1.37 billion levs exclusively with bank cards, reports the National Revenue Agency. Between December 22 and 25, over 1.05 billion levs was spent, an increase of more than 44 million levs compared to the same period in 2023.
On December 31 alone, card payments amounted to 313.34 million levs, marking a 48% increase or over 102 million levs more than in 2023.
Bulgaria adds 938 MW of renewable energy in 2024 amid slight slowdown
Despite debates over the future of the Green Deal, interest in developing new renewable energy sources in Bulgaria remains strong, though slightly lower than the previous year. In 2024 alone, 481 renewable energy installations with a total capacity of 938 MW-equivalent to one unit of the Kozloduy Nuclear Power Plant-went live, according to a report by the Electricity System Operator (ESO). For comparison, over 1,200 MW of solar capacity was added in 2023.
Data from the Sustainable Energy Development Agency (AUER) indicates that Bulgaria's installed solar capacity has now surpassed 3,600 MW.
Peevski calls for zero VAT on bread and 9% for restaurants
Peevski's MRF New Beginning will back the retention of measures exempting bread and flour from VAT while maintaining the 9% VAT rate for the restaurant industry, Peevski announced on Facebook.
