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.
A protest took place in Velingrad in support of the farmers whose flocks of sheep have been quarantined because of positive tests for sheep and goat plague. To stop the spread of the disease, access to the area around the farms has been..
Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..
The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..
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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