The compulsory Third Party Liability insurance for car owners may become more expensive due to changes in the Insurance Code, submitted by the government in parliament. This warning came from insurers who are dissatisfied with the planned removal of the 5,000 BGN cap on compensation for individuals outside the closest circle of people killed in a road traffic accident.
The 5,000 BGN cap was temporarily introduced until the adoption of a methodology for determining compensation amounts, but such a methodology has not yet been adopted. The European Commission considers the Bulgarian cap to be contrary to the 2009 Directive relating to insurance against civil liability in respect of the use of motor vehicles.
In 2024, democracies took advantage of political and technological changes by removing unsuccessful leaders, abandoning outdated ideas and embracing new and well-founded priorities, President Rumen Radev said during the 5 th edition of the Sofia..
NYC Bulgarian Professionals Network is organizing the first NYC Bulgarian Professionals Happy Hour for the year. The event will take place in New York. "I welcome the initiative... and I will gladly join again", announced Bulgarian diplomat..
The potential for the development of Sofia and Plovdiv within the framework of Bulgaria’s "Destination Balkans" initiative was one of the topics discussed during a meeting between Bulgaria's Minister of Tourism Miroslav Borshosh, Montenegro’s..
In a statement from the parliamentary rostrum, the leader of Vazrazhdane party, Kostadin Kostadinov, stated that his party would not allow "a national..
President Rumen Radev held a phone conversation with the EU Special Representative for the Belgrade-Pristina Dialogue and other Western Balkan Regional..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
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