European Commission: Bulgarian tax system need no reforms
Sofia. Bulgarian tax system is comparatively good and needs no reforms. The main problem is low tax collection and the urgent need to take measures against tax fraud. This is the main conclusion for Bulgaria of a study by the European Commission (EC) on tax systems in the EU, as quoted by Trud daily.

CNN: Tornadoes tear through Kansas, Oklahoma and Iowa
Washington. Tornadoes touched down in three states on Sunday, ripping roofs off homes and turning trees to matchsticks, as severe weather swept the region, CNN reports.

Emigrants pour more money in Bulgaria than foreign investors
Sofia. For the first two months of the year, Bulgarians living abroad sent their relatives and friends EUR 122.9 million. At the same time, direct foreign investments in Bulgaria for the period amounted to EUR 40.3 million, Bulgarian National Bank (BNB) data shows, cited by the Duma daily. Sega daily adds that for the first quarter of the year Bulgarian emigrants poured a total of EUR 196.5 million in Bulgaria. The BNB statistics also shows that foreigners living in Bulgaria took EUR 3.2 million out of the country d