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.
To coincide with the start of the new school year on 15 September, Bulgaria’s prosecutor’s office and Ministry of the Interior have launched a nationwide operation targeting drug trafficking near schools , shopping centres, nightclubs and other places..
A new bridge over the Danube River between Bulgaria and Romania is needed in Silistra, Deputy Prime Minister and Minister of Transport Grozdan Karadzhov said during a visit to the town. “In addition to the second bridge in Ruse, there should be two..
The coalition "We Continue the Change – Democratic Bulgaria", the "Alliance for Rights and Freedoms", and the MECH party will submit to parliament the fifth motion of no confidence against the government of Prime Minister Rosen Zhelyazkov. The topic..
The entire Europe Motorway will be open for traffic o n Sunday (September 14) , Bulgaria’s Minister of Regional Development and Public Works Ivan..
On Thursday, temperatures will be between 16 and 19°C , with 16°C in Sofia. During the day, a cold atmospheric front passing from west to east will bring..
A new Institute for the Bulgarian Diaspora and Cultural Heritage Abroad has been launched at the University of Library Studies and Information..
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