Podcast in English
Text size
Bulgarian National Radio © 2024 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

Caretaker Premier Dimitar Glavchev

Premier Glavchev is concerned about the adoption of the budget due to the blocked parliament

''The Eurozone remains a priority, but the caretaker cabinet expects the 51st Parliament to begin its work in order to discuss the state budget'', said caretaker Premier Dimitar Glavchev.  ''Who would have thought that we could get into this situation?..

published on 12/2/24 11:32 AM

Sheep and goat breeders demand the resignation of the management of the Bulgarian Food Safety Agency

"We demand the resignation of the management of the Bulgarian Food Safety Agency for failing to address the problems, specifically the case with the infected sheep in Velingrad, the Co-chairman of the National Sheep and Goat Breeding Association Deyan..

published on 12/2/24 10:29 AM

Sheep and goat herds in Yambol district to be tested for sheep plague and smallpox

Starting from December 2, testing for the presence of sheep and goat plague and smallpox will begin in 6 villages in Yambol district. Samples will be taken from over 1,000 sheep and goats by December 4, said the regional food safety directorate. The..

published on 12/2/24 9:09 AM