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.
"I think we have an excellent result in the plenary just a few moments ago and 531 members voted “for” Bulgaria to join the Eurozone and paving the last steps of what we have been saying for a long time, that the euro means security and stability". This..
A cold atmospheric front will pass through Bulgaria over the next 24 hours . During the night, cumulus and cumulonimbus clouds will develop over the northwestern regions, and on Wednesday over the rest of Northern Bulgaria and in some places in..
Finance Minister Temenuzhka Petkova said in Brussels, at the official ceremony for signing the final documents marking Bulgaria’s entry into the eurozone and the adoption of the euro on 1 January 2026, that the country will remain a firm supporter of..
With 531 votes in favour, 69 against and 79 abstentions, the European Parliament approved Bulgaria's accession to the eurozone on 1 January 2026...
During its plenary session in Strasbourg today, the European Parliament is scheduled to vote on Bulgaria’s accession to the eurozone on 1 January 2026...
The EU Council on Economic and Financial Affairs (ECOFIN) unanimously approved the final three acts enabling Bulgaria’s accession to the eurozone...
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