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 President Rumen Radev , who attended the National Assembly of Sheep Breeders at the Peter and Paul Monastery near Lyaskovets, greeted the protesters today in various cities of the country demanding a referendum on the euro and the..
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political parties Vazrazhdane, Velichie, Mech, VMRO and civic associations. Similar protests in defense of..
Hundreds of believers joined the open-air liturgy in the center of the second largest city in Bulgaria - Plovdiv, on the occasion of 1700 years since the First Ecumenical Council in Nicaea and the feast of the heavenly patron of the city - the holy..
The introduction of the euro will not affect household electricity prices, Energy Minister Zhecho Stankov told BNR. He added that from the day Bulgaria..
Pope Leo XIV appeared last night in the Vatican Gardens wearing an omophorion gifted to him by Bulgarian Prime Minister Rosen Zhelyazkov , the Catholic..
Nearly one in three children in Bulgaria lives in material deprivation, according to data from the National Statistical Institute for last year, reported..
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