Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The Third Party Liability insurance may become more expensive due to the increase in compensations

Photo: BGNES

The compulsory Third Party Liability insurance for car owners may become more expensive due to changes in the Insurance Code, submitted by the government in parliament. This warning came from insurers who are dissatisfied with the planned removal of the 5,000 BGN cap on compensation for individuals outside the closest circle of people killed in a road traffic accident.

The 5,000 BGN cap was temporarily introduced until the adoption of a methodology for determining compensation amounts, but such a methodology has not yet been adopted. The European Commission considers the Bulgarian cap to be contrary to the 2009 Directive relating to insurance against civil liability in respect of the use of motor vehicles.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Train crash exposes serious problems in Bulgarian railways

There are 1,300 vacancies in the National Railway Infrastructure Company, or about 10% of the jobs - mainly for mechanics, traffic controllers, and switchmen. This was what the chair of the Union of Railway Workers in Bulgaria, Petar..

published on 1/21/25 1:52 PM
Kostadin Angelov

The names of new deputy ministers and regional governors are not known yet

Prof. Kostadin Angelov has been elected as the first rotating chair of the Council for Joint Government Management. The first meeting was attended by Minister of Finance Temenuzhka Petkova and Deputy Prime Minister Tomislav Donchev as..

published on 1/21/25 1:27 PM

Rumen Radev: 2025 will mark a turning point not only for Bulgaria, the region and Europe, but also for the world

In 2024, democracies took advantage of political and technological changes by removing unsuccessful leaders, abandoning outdated ideas and embracing new  and well-founded priorities, President Rumen Radev said during the 5 th edition of the Sofia..

published on 1/21/25 10:42 AM