Cleves News: Bulgaria's taxes to remain low
Bulgaria's taxes to remain low

Bulgaria's taxes to remain low

Speaking about Bulgaria’s economy at the British Bulgarian Chamber of Commerce last night, Finance Minister Simeon Djankov said that Bulgaria has no plans to raise taxes during the lifetime of this government.

“25 out of 27 economies in the EU have raised taxes during this crisis. Bulgaria does not intend to.”

He said the economy had undergone painful restructuring during 2009 and 2010, has a very low budget deficit, and is starting to reap the rewards.

He predicted that Bulgaria’s GDP growth for 2012 would be above 2%. He expects the final figure for 2011 will come in at +1.8% - the fourth fastest-growing economy in the EU.

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