Investor Presentaiton

Package of anti-crisis measures Supportive measures to groups of society and business ... against COVID-19 impact on the economy and households Measures to support businesses ... and aiming at reducing inflationary pressure Measures to support businesses ☐ " Reduced the VAT rate from 20% to 9% from 1 July 2020 to 31 December 2023 for: ☐ Restaurants and catering services General tourist service under the special scheme for tour agents Sporting facilities' services Introduction as a permanent measure from 1 January 2023 of a reduced VAT rate of 9% for supplies of: Books Baby food, diapers and hygiene items · Reduced VAT rate of: ■ 9% for supplies of district heating until 1st July 2023 9% for supplies of natural gas until 1st July 2023 0% for supply of bread and flour until 31st December 2023 and is proposed to expire after mid 2024 Increased amount of tax relief for 2022 and 2023 for children and for children with disabilities with a possibility to use the two tax reliefs in advance Measures to support households Measures to support households New mechanism for calculation of minimum wage set up at 50% of average gross wage over a preceding 12 month period Increasing the national minimum wage as of 1 January 2024 to 933 BGN (477 EUR) Increasing the salaries in the budget sector and in the educational sector Increasing of the amount of tax relief for children for tax year 2021 and was further increased for tax year 2022 and 2023 Indexation of pensions (from July 2023) and mechanics for their improvement (from October 2022) Funding of increase in the wages of the medical personnel Support to agriculture sector under the existing state aid for animal welfare Source: Ministry of Finance, Budget 2023 28

View entire presentation