Text size

Bulgarian president vetoes amendments to VAT Act

published on 11/25/20 7:12 PM

Photo: Archive

Bulgaria's President Rumen Radev has imposed amendments to the VAT Act. They introduce new provisions in the Consumer Loans Act, which the head of state defines as "inadmissible" and "legally intolerable", BNR reports.

With some of the approved texts, the deputies have agreed that non-bank financial institutions can charge a double penalty to consumers if they do not fulfill their obligations under a loan agreement. In his reasons, the President defines as unacceptable the practice of the parliament with transitional and final provisions of one law to change others.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News President Rumen Radev VAT veto

More from category

Yellow code for strong wind across the country except for the regions of Kyustendil and Pernik

On Tuesday , the lowest temperatures will be between 3 and 8°C; in Sofia – about 4°C. During the day before noon cloudiness will be significant and in places rainfall is expected. Precipitation will be more significant in..

published on 10/27/25 7:35 PM

Restoration of rare bird populations begins in three nature parks

The populations of the Eastern imperial eagle and the black vulture, Griffon vulture and Egyptian vulture in the Vrachanski Balkan, Sinite Kamani and Bulgarka nature parks will be supported through projects under the 2021–2027..

published on 10/27/25 4:31 PM

Prosecutor's Office raises new charges against Varna Mayor Blagomir Kotsev

The Prosecutor's Office has raised new charges against Mayor of Varna, Blagomir Kotsev, BNR reporter Silvia Velikova informed. He is expected to be presented with materials part of the case on Friday, which means that the..

published on 10/27/25 2:43 PM