Parents will be able to enjoy greater tax breaks for earned income in 2022 compared to the previous year, the National Revenue Agency (NAA) announced. The amounts that can be reimbursed to them depend on the number of children, as for one minor child the relief from the annual tax base is BGN 6,000, and the amount to be received is up to BGN 600, for two - BGN 12,000 and an amount for receiving up to BGN 1,200, for three or more children - BGN 18,000 with an amount to receive up to BGN 1,800. For raising one disabled child, the relief for this year is in the amount of BGN 12,000, and the amount to be received is up to BGN 1,200. The funds can be received if the parents did not use the reliefs for the advance taxation of the incomes. In order to use the tax relief, the parent must have received in 2022, including as a sole trader, income subject to annual taxes - tax on the general annual tax base or tax on the annual tax base for income from business activities as a sole trader. People with no or non-taxable income such as maternity pay, as well as only income subject to final or patent tax, cannot take advantage of the relief, but the other parent can if they qualify.

In the third quarter of 2022, both transported cargo in Bulgaria increased by 7.2 percent, as well as the work performed by land and water freight transport (by 4.6 percent) compared to the same quarter of 2021, preliminary data show. data of the National Statistical Institute. The transported goods from river and sea transport are 41.8 percent less. Work done, measured in tonne-kilometres, also decreased by 48.3 percent. Passengers carried by passenger transport (land, water and urban electric transport) increased by 11.9 percent in the third quarter of 2022. The work performed also showed a growth of 43.2 percent. The transported goods from land transport are 8.8 percent more, and the work performed increased by 6.4 percent compared to the corresponding quarter of 2021, reports BTA. The number of transported passengers by land transport increased by 9.7 percent, and the work performed increased by 47.2 percent compared to the corresponding quarter of 2021. In the third quarter of 2022, water passenger transport saw an increase in both transported passengers and work performed, respectively by 15.4 thousand passengers and by 907.2 thousand passenger kilometers. During the period July - September 2022, urban electric transport companies carried 15.6 percent more passengers, and the work performed increased by 15.2 percent.

The Sofia Municipal Council decided to extend until 2034 the contract of "Sofia Voda" for the concession of the water supply network in Sofia. Pursuant to this contract, the municipality grants the concessionaire the right to operate the water and sanitation infrastructure of Sofia, with the existing assets and all new facilities and investments in public assets remaining the property of the municipality. Since 2010, when the French company Veolia acquired 77% of "Sofia Voda", BGN 512 million have been invested in the city's water supply network. The new and rehabilitated water pipes are 534 km long, and the loss of drinking water along the network dropped from 60% to 39%, stated Vasil Trenev, executive director of the company. Despite the pandemic and inflation, Sofia Water is the only water and sanitation operator in the country that has not increased the price of water in the last three years, while the others have increased by an average of 40%. The new agreement with "Sofia Voda" envisages a reduction in the rate of return on shareholders' capital from 17% to 13%. By 2034, the company must make investments in the amount of BGN 634 million, BGN 337 million of which will cover the regulatory requirements for water quality. About BGN 165 million are for investment commitments that have already been undertaken by the company for the period up to 2025. BGN 113 million are planned for the expansion of the sewage network, which were included at the request of the Metropolitan Municipality.

The German investor "Profine Energy" has chosen sites in Northwestern Bulgaria for the construction of a unique solar power plant on the Ogosta dam, near Montana. The Minister of Economy, Nikola Stoyanov, stated that within two weeks, a project will be signed for the largest one-time foreign investment in Bulgaria to date, worth at least 1 billion euros. "Profine Energy" is a joint company of Profine Group, which produces PVC profiles, and Wirth Group. They have investment interests in the production of electricity from renewable energy sources. A subsidiary of the German company is currently being established under Bulgarian legislation. Its purpose is the development and subsequent realization of photovoltaic plants in Bulgaria. The company intends to export electricity from Bulgaria to power its own production.Profine Energy was founded last month as an energy services provider and aims to make the group's 29 locations, which span 23 countries, largely energy independent. The photovoltaic park will be on an area of ​​4000-5000 decares.

The Capital Investment Fund (CIF) of the Bulgarian Development Bank Group will invest BGN 4 million in the innovative company Barin Sports. She is the creator of a high-tech portable device that shows in real time the physical condition of the players and their performance on the field. It monitors over 12 thousand points per second from each player. After processing, the indicators are sent to the coach and help him build successful tactics during the match. The company was established 6 years ago by a team of young Bulgarian innovators. Their mission is for technology to enable athletes to reach their full potential and have a longer career. Currently, Bapin Cpoptc works with 6 teams from the Professional Football League and three academies, as well as the national men's and under-21 football teams. Their clients are also foreign clubs. In addition to professional clubs, Barin Sports focuses on polyprofessional and amateur organized sports. The long-term goal of the company is the implementation of projects to increase the quality and extension of the life of the target through the development of compact sensors and flexible electronic textiles, etc.

One of the leading distributors of solutions for photovoltaic installations in Bulgaria - "KP Immobilien" for the second year in a row increases its sales by over 100% and already supplies equipment for more than 50% of the projects on the Bulgarian market. The company has already implemented several large-scale projects in Bulgarian enterprises: In the company "Poligrup" in Asenovgrad, a total capacity of 6 MW has been installed, of which 4.5 MW are already in operation. At the moment, the installation covers about 45% of the company's needs, and when excess electricity is generated, it is sold to the electricity distribution company. In "Biovet" - Peshtera, (1.1 MW) through the installer "BRIABUILD SOLAR", and in "Speedy" - Sofia (0.9 MW) through the installer "ENEKOD GREEN", as well as in many other places in the country. In order to guarantee the availability of the offered portfolio, the distributor "KP Immobilien" maintains a local warehouse of products with a total capacity of over 30 MW.

The emblematic building for Sofia years ago - the headquarters of "Bulgartabac Holding", located at the corner of the capital's "Graf Ignatiev" street and "Vasil Levski" and "Patriarch Evtimiy" boulevards, has been under a new owner since the spring of last year. The 9-storey building was acquired by the newly registered company "Y. G. Property" Ltd for the sum of BGN 22 million. The company is 100% owned by "Y.G. Techniks" Ltd, which, however, is also not the ultimate owner, as it is owned by the Plovdiv factory for cigarette filters "Yuriy Gagarin" JSC, which is also represented by Zisov. The main shareholders of "Yuri Gagarin" JSC are "Baranko" Ltd and "Bora Investment" Ltd. The first company is 100% owned by the company "SEMIRAMIS INTERNATIONAL EF ZET" registered in the Umm al-Quain Free Trade Zone in the United Arab Emirates. As the actual sole owner of this company, the individual Uladjimir Mihailovski is indicated, but through his other company "Mathmoon LTD" - also UAE, but registered in another Free Zone - "Ajman". The second company that owns a significant share of "Yuriy Gagarin" JSC was established on August 28, 2019 with BGN 1,000 and is owned by Borislav Borisov and Rangel Genchev.

Despite the protests of citizens, the municipal council of Plovdiv approved the new general development plan of the city, which foresees the possibility of building a part of the "Recreation and Culture" park. The 81-acre site in the Recreation and Culture Park, which is located meters from the rowing canal, is slated to have a "recreational activities" status. This allows 30% of it to be built on, or about 24 decares. The entire property of 81 decares, as well as the neighboring one of 50 decares, is owned by "Teya Invest", registered at the end of October 2013. These are the most attractive assets in the property of the company, which with almost no profits and no persons employed in it acquired the land for 5.7 million. The company acquired the two plots of a total of 130 decares in the Park "Recreation and Culture" only a month after its foundation , and the seller in the transaction is "Amusement Park". The seller company was founded as a public-private initiative back in 2002, during the time of the mayor Ivan Chomakov, when the lands in "Recreation and Culture" were contributed to it by the municipality. Its purpose is to build an amusement park on them, the so-called "Plovdiv Disneyland". Despite the contribution, the municipality of Plovdiv receives only 25% of the shares in the newly established company, which does not give it the right to make any decisions. In the end, the venture did not materialize, and in December 2014 it was decided that the company "Amusement Park Trakia" would enter into a liquidation procedure.

The European Commission has pre-approved Greece's request for the payment of €3.6 billion under the Recovery and Resilience Facility. Of the €3.6 billion, €1.7 billion is in grants, and the remaining €1.9 billion is in the form of a loan. The Greek Recovery and Resilience Plan will be supported by a total of €17.4 billion in grants and €12.7 billion in loans, of which €4 billion was disbursed to Greece as pre-financing on 9 August 2021. First payment request from Greece was assessed positively by the Commission on 28 February 2022, leading to the disbursement of €3.6 billion on 8 April. The second approved tranche will represent €11.1 billion of the total amount to be disbursed, or 37% of the financing of the Recovery Fund for Greece. Greece submitted its request on September 30 based on reaching the 28 milestones set out in the second tranche decision.

Despite high inflation, Americans spent a record $9.12 billion on online purchases on Black Friday this year, Reuters reports. Online purchases in the U.S. rose 2.3 percent on Black Friday, Adobe Analytics, the data and analytics division of Adobe Inc., estimated. The growth is mainly explained by the fact that consumers are waiting for the traditionally big discounts in this period, although the offers for good deals started already in October. Adobe Analytics measures e-commerce through website transaction analytics and has access to data covering the sales of 85% of the top 100 US Internet retailers. The company previously forecast that Black Friday sales would grow a modest 1%. Adobe expects Cyber ​​Monday (after the Black Friday weekend) to once again bring in the most online sales of the season - worth $11.2 billion. Americans did much of their holiday shopping from their smartphones, with Adobe data showing that mobile shopping accounted for 48% of all Black Friday internet sales. The Friday after Thanksgiving is the busiest day for retailers in the US amid deep discounts. This year, however, the traditional crowds of people waiting for the stores to open were missing. This shopping weekend, from Black Friday to Cyber ​​Monday, is expected to see more than 166 million Americans shop, 8 million more than last year. Expectations are for sales growth of 6-8% compared to the average level for the last 10 years.

Azerbaijan has received applications from more than 10 European countries requesting to either increase or start gas supplies to Europe, Azerbaijani President Ilham Aliyev said. Now, Azerbaijan does not have enough gas to satisfy all requests. As of December 31, 2020, Azerbaijan supplies gas to Europe through the Trans-Adriatic Gas Pipeline. The deliveries, calculated for 25 years, ensure the annual export of more than 10 billion cubic meters of gas for the European market, of which 8 billion cubic meters will be received by Italy, 1 billion cubic meters by Greece and Bulgaria. The Southern Gas Corridor, which stretches 3,500 km from Baku to southern Italy through Georgia, Turkey, Greece and Albania, is an integrated pipeline system that includes, in addition to the Trans-Adriatic Gas Pipeline, the South Caucasus and Trans-Anatolian Gas Pipelines. Its capacity is 16 billion cubic meters of natural gas. The main source of raw materials for it is the Shah Deniz deposit with reserves of 1.2 trillion cubic meters. Total gas reserves in Azerbaijan are estimated at 2.6 trillion cubic meters.