Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EC rejects Bulgarian claims that banks sue debtors in line with EU law

Photo: library

The EC has formally rejected the position of the Bulgarian government that Art. 417 of the Code of Civil Procedure, according to which banks in Bulgaria sue their debtors in a fast-track procedure without the possibility for appeal, was in line with EU law.

The EC is currently considering measures that are to be taken against this country. This was announced by Dessislava Filipova, lawyer at the Bulgarian Center for European Integration and Human Rights. She added that one of the main schemes that banks used in breach of EU law in order to put debtors on their knees was the unilateral rise of interest rate.


Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Exhibition showing gold and silver treasures found in Bulgaria opens in Balchik

The exhibition "Tales of Gold and Silver" of the National History Museum, prepared for the 100th anniversary of the State Cultural Institute "Cultural Center The Palace - Balchik" (formerly the summer residence of Queen Marie of..

published on 8/5/24 6:04 PM
Raya Nazaryan

Speaker of Bulgarian Parliament refuses to be caretaker PM

"The most important thing for a caretaker prime minister is to ensure that fair and transparent elections are held and well-known political faces will not bring credibility to the process." This is what Speaker of Parliament Raya Nazaryan from GERB said..

published on 8/5/24 4:44 PM

Bulgaria faced with yet another early parliamentary election

After the parliamentary group of the ITN party returned the third mandate for forming a government unfulfilled, President Rumen Radev is continuing with the procedure of appointing a caretaker government and scheduling a seventh early parliamentary..

published on 8/5/24 2:45 PM