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.
The night will be mostly clear and calm. In the morning there will be low clouds or fog in the valleys. Minimum temperatures will range from 4°-5°C in the highlands of Western Bulgaria to 15°-17°C on the Black Sea coast, around 5°C in Sofia. Monday..
The heads of the country's bar associations have declared their readiness to mount an effective protest against President Rumen Radev's veto of amendments to the Civil Procedure Code. The recently adopted amendments concern new rules for the appointment..
The Independence Day celebrations in Veliko Tarnovo began in the Church of the Forty Martyrs , where on 22 September 1908 Prince Ferdinand I read the manifesto declaring the Principality of Bulgaria an independent kingdom. "We know that with joined..
A military ritual was held at Dolna Mitropolia air base to honour the memory of Major Petko Dimitrov and 1 st Lieutenant Ventsislav Dunkin who were..
The 19 th national fair for preserving the local Bulgarian breeds of farm animals took place in the town of Kalofer. The aim of the event is to..
At the border with Romania outward bound traffic at Nikopol and Kardam border checkpoint is heavy for trucks. At the border with Serbia..
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