News

RCEP to promote construction of world’s largest tourism economic community

The Regional Comprehensive Economic Partnership (RCEP) free trade agreement will reshape the global tourism development pattern and help build the world's largest tourism economic community, according to a report...

The European Central Bank positively assessed BNB’s changes for Euro entry

The European Central Bank (ECB) adopted an opinion expressing a positive assessment of the draft new law on the Bulgarian National Bank (BNB), which will enter into force on...

FDI flow in Bulgaria increased by over 32% in seven months

The net flow of foreign direct investment in Bulgaria from January to July was over EUR 2bn, 32.5% (EUR 505m) higher than in the same period a year earlier,...

China’s FDI inflow tops 847 bln yuan in first eight months

Foreign direct investment (FDI) in the Chinese mainland in actual use stood at 847.17 billion yuan (about 118 billion U.S. dollars) in the first eight months of the year,...

Ministry of Finance: Bulgaria’s growth rate revision

The Ministry of Finance expects stable economic growth in Bulgaria in the second quarter of 2023, despite the fact that current data show a decrease in industrial production and...

China to Make Fujian a Zone for Integrated Development with Taiwan

The Chinese government released on September 12, 2023 the Circular on Supporting Fujian Province in Exploring a New Path for the Integrated Development across the Taiwan Strait and Making...

Tax Authority Clarifies Economic Crime Levy Elements, Enforcement

The UK tax authority, His Majesty's Revenue and Customs (HMRC), has published its Economic Crime Levy Manual. The manual provides background information and an overview of the levy, guidance on...

China Increases Fiscal and Tax Support to Attract Foreign Investment

The Chinese government released on August 13, 2023 the Guidelines on Further Optimizing Business Environment and Attracting More Foreign Investment. The document provides 24 guiding measures in six aspects,...

China’s economy to maintain stable, positive trend in H2

The Chinese economy will maintain its stable and positive trend in the second half (H2) of this year, following a sustained recovery in the January-June period, an official said...

UK – HMRC interest rates for late and early payments

HMRC interest rates are set in legislation and are linked to the Bank of England base rate. There are 2 rates: late payment interest, set at base rate plus...