The Bulgarian business organizations and syndicates have supported the government's proposal for tax changes, including the introduction of a flat 9% value-added tax (VAT) in the tourism sector.

This has emerged after Tuesday's meeting of the Council for Tripartite Cooperation, an informal body for discussion of financial and economic policies uniting representatives of the Bulgarian government, the six major private business associations, and the two major trade unions in...

Bulgarians have slashed vacations abroad as more foreigners visited the country on holiday in the three strongest summer months, showed data by the National Statistical Institute (NSI).

In June, July and August 2010, Bulgarians made approximately 248,000 foreign trips for excursion or holiday, which is down nearly 40% on the same period of last year.

Foreigners’ holiday trips to...

The property market in the Bulgarian capital has experienced a shift in the prices and interests of the buyers, data from real estate websites showed.

According to data from the Bulgarian property website imoti.net, the interest towards districts, which are considered prestigious, like Ivan Vazov, Iztok and Center, has decreased.

For the period August 20 – September 20, people who were...