Daily webcast

Bulgarian National Radio © 2021 All Rights Reserved

Parliament approves ten-year limitation period for obligations of natural persons

Photo: BTA

Bulgaria’s MPs approved at a second reading amendments to the Obligations and Contracts Act that enforce a ten-year limitation period for obligations of natural persons. The proposal was submitted by MPs from the United Patriots coalition. They contend that Bulgaria is the only EU country that has not yet introduced absolute limitation period for obligations of citizens. 

The Bulgarian Industrial Association has categorically opposed the introduction of a limitation period. According to BIA, the state interferes in private-law relations between equal subjects, for which the concluded contracts have the force of law, prioritizing the interests of one group of entities at the expense of another.


More from category

Weather forecast for Bulgaria on August 3

It will be sunny on Tuesday. In the afternoon rainfalls can be expected in the mountains. Wind from northwest will lower the daily temperatures in northern Bulgaria, but the weather will remain hot. The highest temperatures will..

published on 8/2/21 7:45 PM
Boyko Borissov

GERB will not support ITN-proposed cabinet

GERB party will not support a cabinet proposed by the "There is such a people" party (ITN). This was announced by the leader of GERB Boyko Borissov in a live broadcast from the village of Gubesh near Sofia on his Facebook account. He accused President..

published on 8/2/21 7:40 PM

Bulgaria takes the Netherlands out of red list

As of Wednesday, August 4, the Netherlands, Tunisia and Kuwait will leave the red zone and be included in the list of countries in the orange zone. This is done with a change in the list of countries by colour zones, according to which the order of..

published on 8/2/21 6:41 PM