Restaurants and Hotels in Bulgaria Seek Tax Relief to Curb Price Hikes and Protect Business

Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses. According to industry organizations, such a measure is necessary to avoid closures and stabilize the sector during a period of growing costs. They warn that expenses for raw materials, utilities and overall operations have increased significantly, forcing businesses to adjust their pricing....