The European Bank for Reconstruction and Development, EBRD, has expressed concern over the proposed amendments to the law of obligations and contracts.
The amendments, which have already been approved by parliament at first reading, impose a 10-year absolute limitation period on all loans receivable and payable by natural persons. The amendments are also applicable to natural persons for whom creditors have already obtained writs of execution or against whom court proceedings have been initiated. If the texts remain in its present form the new amendments will have a significant negative effect on the Bulgarian finance sector and on the real economy, the EBRD warns.
As of 1 December until the end of February, driving an old car in the centre of Sofia will be subject to a EUR 25-100 fine. The fines for legal entities will be 10 times higher – from EUR 500 to EUR 1,000. The low emission zone was put in place..
The due date for preventing the prospect of Borislav Sarafov taking the position of prosecutor general is drawing close, as is the deadline for coordinating the budget, Ivaylo Mirchev from Democratic Bulgaria said in an interview with public service..
A campaign against street violence named Stand Up will be held today and tomorrow under the dome of Sofia's Largo, said the Regional History Museum – Sofia. It turns out that over 80% of women worldwide have experienced some form of street..
Due to the poor condition of the water transmission network, nearly half a billion cubic meters of water are irretrievably lost annually . On this..
"After today's vote for Speaker of the National Assembly, ''We Continue the Change'' (PP) demanded the resignations of Daniel Lorer and Yavor..
The due date for preventing the prospect of Borislav Sarafov taking the position of prosecutor general is drawing close, as is the deadline for..
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