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.
Bulgarian head of state Rumen Radev presented the Presidential Badge of Honour to the Bulgarian National Radio (BNR). The award was received by BNR Director General Milen Mitev during the solemn concert at the Sofia Opera and..
The Bulgarian National Radio has presented its annual journalism awards "Sirak Skitnik". The grand prize went to Tsveti Radeva, host of the folk music show "Imat li pesnite spirane" on Horizont channel. The grand prize was presented by..
During the night, the cloud cover will remain significant over the eastern parts of Bulgaria. Clear skies are in the forecast for the rest of the country. Around and after midnight, there will be fog in some valleys and lowlands . Minimum..
''Bulgaria has welcomed with great relief and joy the release of Bulgarian citizen Daniela Gilboa, who had been held captive by Hamas. This positive..
The Bulgarian National Radio has presented its annual journalism awards "Sirak Skitnik". The grand prize went to Tsveti Radeva, host of the folk music..
By the end of next week, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will send the government its proposals to be..
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