Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

A guarantee fund will protect the interests of tourists in the event of a tour operator's bankruptcy

Photo: BGNES

The Ministry of Tourism has published for public discussion a draft for amendments to the Tourism Act, which introduce various protections for tourists on organized trips in the event of a tour operator's bankruptcy. The measures also include those stipulated in the European Directive on package travel and linked travel arrangements. The draft will further secure consumers of package travel services in the event of a tour operator's insolvency.

It is proposed that the Tourism Guarantee Fund be based on a three-pillar protection system – preventive, insurance or bank guarantee, and participation of tour operators in a guarantee fund.

Currently, in the event of bankruptcy, an insurance policy mandatory for tour operators comes into effect. However, according to industry estimates, insurance levels often cannot provide sufficient coverage to settle with all parties in the event of insolvency, said Dnevkik.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Yellow code for strong wind in 16 eastern and southwestern regions

On Wednesday , the lowest temperatures will be between 3 and 8°C. In the regions with strong wind it will be up to 10-12°C. In Sofia it will be around 4°C. In the western parts of the Danube Plain and the Upper Thracian Plain it will..

published on 11/25/25 7:50 PM

Drones to aid disaster and fire response in Burgas

Following a series of fires in the Burgas area last summer, including one that destroyed homes in a local villa district, the Burgas municipality has acquired high-tech drones equipped with thermal cameras, night vision, and 3D imaging . The two..

published on 11/25/25 7:01 PM

Bulgarian police break up migrant smuggling network

Illegal migrants from Syria, Iraq and Iran have been discovered in Sofia, and ten members of an organised criminal group have been arrested , Deputy City Prosecutor Desislava Petrova told reporters. Two of those arrested have been charged as the..

published on 11/25/25 6:48 PM