Bulgarian President Rumen Radev has vetoed the amendments to the Bank Bankruptcy Act adopted on February 9, 2018.
The President supports efforts of the National Assembly for greater efficiency when it came to protection of social interest in cases of bank bankruptcy proceedings.According to him, however, in violation of the rule of law changes would reverse legal consequences, acquired rights and obligations. Society needs to know the concrete dimensions of the consequences of the adopted law, the President said.
The draft amendments to the law were announced as a measure against the secondary plundering of the assets of bankrupt CCB, as changes were proposed by the DPS party. The CCB license was withdrawn by the BNB in November 2014.
New car sales in Bulgaria in October increased three times more than the average for the European Union , where the purchase of new cars is only 1.1%. According to the Association of European Automobile Manufacturers, 75.9% of cars registered in..
77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a national survey by Podkrepa trade union. Half of those surveyed are in favour of a nation-wide..
The damage control and fire-fighting teams in Shumen have responded to 10 reports of damage due to the strong wind, the Regional Directorate of the Interior Ministry has announced. More often than not the reports were of fallen trees and branches in..
According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a..
“It’s time to lift internal border controls now,” European Commissioner for Home Affairs Ylva Johansson believes. In an interview with RFE/RL she..
The Constitutional Court has opened a case following the request by President Rumen Radev for the amendments to the Constitution, endorsed by the 49 th..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
Partly cloudy, chance of snow