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

Amendments to the draft budget hint at state's readiness to buy Lukoil assets

Two billion euros in additional state guarantees and a concession of the Bulgarian Sports Totalizator are part of changes to the draft budget for 2026, submitted between the first and second readings. The change that increases the..

published on 11/25/25 4:47 PM

More than 86% of people say that wage growth in 2025 is not sufficient

The increase in the minimum wage is supported by 54.1% of Bulgarians. 1/3 of respondents believe that the minimum wage should be equal to the living wage. This is indicated by the results of a representative survey by the Myara..

published on 11/25/25 1:19 PM

President Rumen Radev: Peace in Ukraine will be written by the victors

“We see a rational plan for a quick peace from President Donald Trump, according to which the situation on the battlefield is developing extremely unfavorably for Ukraine, and he is trying to prevent a worse scenario and additional casualties,”..

published on 11/25/25 11:14 AM