81% of entrepreneurs are not content with officials

Some 81% of businesses representatives complain of bad administration services, according to a BCCI's survey, presented by its Chairman Tsvetan Simeonov at a conference on the competitiveness of the Bulgarian economy, organised by the Economic Policy Institute. According to the study, the factors that affect the business environment in the country include the lack of a skilled labour force ( 64.2%), corruption and unfair competition by companies (60.4%), difficult access to finance (58.5%), problems with the launch and implementation of EU projects (52.8%), bearing joint responsibility because of another defaulting legal entity (50.9%) and delayed payments by the State on signed contracts (41.5%). According to BCCI, the most important measures that have to be implemented in order to improve the business environment include maintaining the levels of the corporate and personal income tax, an abolition of the 5% dividend tax and a 15% to 10% reduction of the tax for Sole Proprietors, speeding up the reimbursement of VAT, reduction of regulatory regimes, shortening the time for repayment by the State on contracts with businesses, expanding the number of electronic services provided by state and municipal institutions, reduction of administrative fees and argumentation in determining their amount.

The position of BCCI is that environmental protection should not become a state business, for example, the price of water for industrial use from own sources should be objective.

The State Administration is starting talks with the Association of Banks in Bulgaria about procedures for absorption of EU funds for the programming period 2014-2020, Director-General of Directorate-General European Funds for Competitiveness Kiril Geratliev said.

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