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.
The Bulgarian government will work to restore the image of the country as a reliable economic partner and a promising location for investments and business. This was what Minister of Economy Petar Dilov said at a meeting with Boni..
There is chronic shortage of personnel in the wine sector, producers from Plovdiv say. Fewer young people want to work as technologists. The industry fears that the profession may disappear in the future. Annually, about 250..
President Rumen Radev participated in the opening of a discussion on the future of the judiciary, which is being held in Sofia. The forum is organized by the Bulgarian Institute for Legal Initiatives. In his speech, the President..
For the third consecutive year, the Consulate General of the Republic of Bulgaria in New York hosted the annual alumni meeting of the American..
Nuclear physicist Vasil Gurev fell into a deep ice crevasse during geophysical scientific research on the Contell Glacier in Antarctica, near the..
In 2024, Bulgarian employers increased the import of labor from non-EU countries, according to data from the National Employment Agency. A total..
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