Bulgaria’s National Assembly rejected President Rumen Radev’s veto on amendments to the VAT Act. The amendments introduce new provisions to the Consumer Loans Act which Bulgaria’s head of state Radev called “inadmissible” and “legally intolerable”.
The new texts envisage that non-bank financial institutions can charge a double penalty to consumers if they fail to fulfill their obligations under a loan agreement. The proposal was submitted by the independent MP Spas Panchev. The Bulgarian Socialist Party called the adopted amendment “social genocide, BNR reporter Daniel Inkov reports.”
Increasing energy connectivity between countries in the region of Southeast Europe will reduce electricity prices, increase competitiveness and security of supply . This was stated by Energy Minister Zhecho Stankov at the Energy Summit, organized by the..
The common will and economic potential of the two countries are important prerequisites for the upward development of bilateral relations, said President Rumen Radev at a meeting with the Ambassador of Vietnam Do Hoang Long . The meeting was also..
The prospects for developing the significant potential of tourism in Bulgaria were discussed at a meeting between the Bulgarian Head of State Rumen Radev and the Secretary-General of the UN World Tourism Organization Zurab Pololikashvili. The..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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