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.
The Sofia Appellate Court left in custody Varna Mayor Blagomir Kotsev, who is charged with corruption and participation in an organized crime group. The judgment is final. One of the three judges, Andrey Angelov, signed with a dissenting..
Bulgaria’s Minister of Justice Georgi Georgiev conferred in Brussels with the European Commission team responsible for the Resilience and Recovery Plan (RRP) reforms in Bulgaria, reported the Ministry of Justice. EC: RRP payment depends on..
''Only two bridges connect Bulgaria and Romania along our 475-kilometer shared river border – this is a transport shortfall and a new 'Iron Curtain' within the European Union'', said Bulgaria’s Deputy Premier and Minister of Transport and..
Bulgarian President Rumen Radev has announced that as of October 20 this year he will travel to work in his personal car. “When a law is being adopted..
The government of South Africa is introducing a visa-free regime for Bulgarian citizens holding ordinary passports for stays of up to 90 days , the..
Two more F-16 Block 70 aircraft are expected to arrive in Bulgaria very soon. This was announced by the commander of the Air Force, Major General..
Overcast, rain
Cloudy
Mostly Cloudy