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Built-up property tax hikes in Bulgarian resorts

Date: 25.10.2005

The built-up property tax in Bulgarian resorts will rise by 45%. The reason is the real estates prices there increase at higher rates than in the rest of the country.

On Sunday a working group from the Ministry of Finance will make definite proposals and the actual rise might be even greater than 50%. The tax in the larger cities like Sofia, Varna, Bourgas, Plovdiv, Blagoevgrad, Rousse and Pleven will rise by 30%.

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