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.
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the topics of the meeting between Bulgarian Prime Minister Rosen Zhelyazkov and Italian Prime Minister..
On May 23, 24 and 25, the Festival of Crafts and Art takes place in Dobrich. Artists from all over the country will take part in it and present Bulgarian traditions and culture. Graduates of specialized educational institutions..
Primorsko is the new seaside capital of sports and culture, the municipality announced. Today, the European Sailing Cup event for the Olympic classes ILCA 6 and ILCA 7 officially starts in the town. The competition, in which 50..
May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and..
Bulgarian virtual influencer Ahinora made her debut in the European Parliament, greeting MEPs. Ahinora is the first Bulgarian avatar, and now an..
The 20th World Meeting of Bulgarian Media, organised by the Bulgarian Telegraph Agency, has opened in Sofia. The event, which is being held..
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