Bulgaria’s Ministry of Economy will keep a public register of debt collection companies. Debt collectors will be banned from harassing and blackmailing debtors. This is what a new draft legislation aimed at protecting customers from the arbitrariness of debt collectors envisages, said Deputy Prime Minister and Minister of Economy Kornelia Ninova.
The new creditor will not be entitled to claim any payment other than the amounts agreed in the contract with the original creditor. In Kornelia Ninova’s words, there are cases where people owe EUR 250 or more for a small loan worth EUR 5. According to the draft legislation, violators will be subjected to fines of up EUR 25,000.
Over the next 24 hours the weather will continue cloudy, with rain mostly in the Southwestern half of the country and sleet in high plains. The precipitation over Mounts Rila and the Rhodopes will be considerable. There will be a moderate, in..
The Bulgarian Food Bank’s Kilogram of Kindness food drive, is collecting food for the needy for the 12th consecutive time. Four to seven tons of food with a longer shelf lifeis expected to be collected – such as rice, lentils,..
A Eurobarometer survey has registered the highest level of trust in the European Union since 2007 and the highest level of support ever for the common currency, the euro, both in the EU as a whole (74%) and in the euro area (81%). In Bulgaria,..
The average gross annual salary in Bulgaria in 2023 is 24,485 BGN (EUR 12,519) which is an increase of 15.3% compared to 2022, according to data from..
The due date for preventing the prospect of Borislav Sarafov taking the position of prosecutor general is drawing close, as is the deadline for..
During the night it will be cloudy with rainfalls in the western and central regions of Bulgaria, as snowfalls are possible in the..
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