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 repeated floods on the Black Sea coast are the result of uncontrolled development, destroyed natural environment and institutional inaction, reads a declaration by the Chamber of Architects in Bulgaria. According to the..
The chairman of Vazrazhdane party, Kostadin Kostadinov, has filed a complaint with the prosecutor's office against Boyko Borissov on suspicion of treason. He bases his allegations on an article in the Wall Street Journal, which..
“All fears about the introduction of the euro will be overcome for month or two after January 1, 2026.” This was what Deputy Prime Minister Tomislav Donchev said at a meeting on the introduction of the euro in Gabrovo, quoted by BTA...
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..
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