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 extremely unfavourable demographic picture is perhaps the biggest challenge we have to address if we want to go on as a nation, stated Tzvetan Spassov, head of the governing body of the Human Resources Development programme of the Ministry of..
The medical specialists from the transfusion haematology unit of the hospital in Shumen will support their colleagues from the National Center of Transfusion Haematology who are organizing a protest today against “the negligence of those in power in..
Students of medicine, young doctors and medical specialists from six towns – Sofia, Plovdiv, Pleven, Burgas, Varna and Stara Zagora – are staging protests simultaneously demanding higher pay, better working conditions and work time regulation, BGNES..
During his participation in the 20th World Meeting of Bulgarian Media in Varshets, President Rumen Radev expressed concern that prices will rise as soon..
Cash in Bulgaria exceeds BGN 30 billion. The Association of Banks in Bulgaria is urging citizens to deposit their cash before the introduction of..
“We often say that Bulgaria extends as far as there are Bulgarians. In order for these spiritual borders of Bulgaria to be vibrant and strong, there..
Mostly Cloudy
Partly cloudy, chance of rain
Overcast, rain