A meeting at the Council of Ministers today is looking into what kind of assistance can be rendered to the clients of Olympic insurance company which has gone bankrupt.
Because of this, 200,000 clients were left without civil liability insurance policies, estimated at 9,350,000 Leva /4,781,000 euro/. To begin with, the authorities stated all people concerned must take care of the problem individually, but the people affected staged a protest in front of parliament building, demanding the assistance of the Financial Supervision Commission, the Bulgarian Guarantee Fund and the prime minister.
In connection with the bankruptcy of Olympic insurance company, the prosecutor general has ordered an inspection to be carried out of the Financial Supervision Commission. The inspection will focus most of all on the way state insurance supervision was carried out, whether the legal requirements for the start of operation by the Olympic branch in Bulgaria have been observed, and how ongoing supervision of the company’s activities was exercised. The inspection is entrusted to the Supreme Prosecutor's Office of Cassation and the State Agency for National Security.
After finally succeeding in electing a Speaker of the 51st National Assembly - Natalia Kiselova, proposed by the BSP - United Left, MPs voted en bloc for the appointment of 7 Deputy Speakers of the 51st National Assembly. They were elected with 202..
On the 25th day of its work swearing-in, and after 10 failed attempts the new 51st National Assembly finally has a Speaker. Assoc. Prof. Natalia Kiselova of the Bulgarian Socialist Party (BSP) was elected with 140 votes in favour, 93 against and no..
The indexation of pensions from July 1, 2025 should be between 8 and 9%, and from January 1, the maximum social security income should be increased to 4,130 BGN (2,065 euros), the caretaker government proposes with the draft budget of..
President Rumen Radev met with US President-elect Donald Trump during a working visit to France on December 7-9. "With US President-elect Donald Trump,..
Hundreds of customers in Greece have reported fraudulent deliveries of parcels they never ordered. Upon investigation, the authorities discovered that..
After rebels in Syria seized Damascus and declared President Bashar al-Assad's ouster earlter today, the Ministry of Foreign Affairs urges Bulgarian..
+359 2 9336 661