The European Bank for Reconstruction and Development, EBRD, has expressed concern over the proposed amendments to the law of obligations and contracts.
The amendments, which have already been approved by parliament at first reading, impose a 10-year absolute limitation period on all loans receivable and payable by natural persons. The amendments are also applicable to natural persons for whom creditors have already obtained writs of execution or against whom court proceedings have been initiated. If the texts remain in its present form the new amendments will have a significant negative effect on the Bulgarian finance sector and on the real economy, the EBRD warns.
Bulgarian Foreign Minister Georg Georgiev opened the first Bulgarian higher education institution outside Bulgaria in Taraclia, Moldova, the Ministry of Foreign Affairs announced. Mr Georgiev is in the city for today's celebrations for 24 May, the Day..
Over the next 24 hours, a Mediterranean cyclone passing through the Aegean Sea will cause unstable weather in Bulgaria. It will be mostly cloudy with heavy, widespread rainfall. Moderate winds will blow from the north-northwest and from the northeast..
May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and Slavic literature with various events. A rich festive program was organised today at the..
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National..
Bulgarian virtual influencer Ahinora made her debut in the European Parliament, greeting MEPs. Ahinora is the first Bulgarian avatar, and now an..
May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and..
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