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 weather will remain cloudy on Tuesday, with rain showers in many areas. The lowest temperatures will range from 8°C to 12°C, around 10°C in Sofia. During the day, it will be mostly sunny in Southwestern Bulgaria. There will be cumulonimbus clouds..
Ivet Atanasova, an 11th-grader at the High School of Mathematics in Silistra, is the winner of the Third National Student Competition “My Ancestral Roots from Macedonia and Eastern Thrace”. Her family originates from the town of Kočani in Vardar..
"For Bulgaria, every day is May 24. But there is nothing more natural and nothing better than celebrating the Book Fair on the third day of the brightest Bulgarian holiday, Vice President Iliana Iotova said at the opening of the 17th Spring Book Fair..
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..
sunshine, cloud, rain and thunder
Overcast, rain
Occasional showers
Partly cloudy, chance of rain