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.
"From the beginning of 2025 until now, expenditures on personnel, social and health insurance payments, including pensions, have increased by 18.2% compared to 2024", announced Minister of Finance Temenuzhka Petkova during today’s regular government..
On October 8, the two-month grace period given to merchants to comply with the requirements of the Law on the Introduction of the Euro expires. During this period, they were expected to label the prices of goods and services both in leva and euros...
Torrential rain flooded underpasses in Varna and caused landslides in various regions of the country. In Veliko Tarnovo (Central Bulgaria), the Yantra River has reached 2 meters and 20 centimeters, which is close to the critical level, but there is no..
During the night in the Danubian Plain it will be rainy and in places the amounts will be significant. In the southeastern regions of..
The repeated floods on the Black Sea coast are the result of uncontrolled development, destroyed natural environment and institutional..
The chairman of Vazrazhdane party, Kostadin Kostadinov, has filed a complaint with the prosecutor's office against Boyko Borissov on..
Occasional showers
Rain
Scattered showers