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

Green Card system no longer an obstacle to Bulgaria’s accession to the Eurozone

Photo: Ani Petrova

Parliament has voted to obligate insurance companies to reimburse unproven damages in the event of traffic accidents abroad.

The decision was not supported by Vazrazhdane, the Bulgarian Socialist Party (BSP) abstained. This case could have proved to be an obstacle to Bulgaria’s entry into the Eurozone. 

The so-called Green Card, which guarantees reimbursement of damages incurred in traffic accidents caused by vehicles registered in another country, is valid in 48 countries. The Green Card system operates, via national offices with local insurers as members, following the principle “pay first, contest later”. The problem emerged in Bulgaria when Bulgarian insurers contested the grounds for damage claims from abroad, accumulating debts running to EUR 10 million.



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

Dogan demands the resignation of Peevski and five other DPS members

In an appeal to the DPS members, the honorary chairman of the DPS, Ahmed Dogan, demanded the resignation of the chairman of the parliamentary group, Delyan Peevski, and that of five other prominent names in the Movement for Rights and..

published on 7/11/24 8:55 AM

New season of archaeological works starts at Perperikon

The largest archaeological campaign ever conducted on Perperikon has begun, BTA reports. Prof. Nikolay Ovcharov, head of the research at the site for nearly 25 years, says that the campaign is held under the title "Will Roman statues..

published on 7/11/24 8:10 AM

Warning for dangerous heat in the entire country

Thursday will be sunny and hot. There will be more clouds in the afternoon, but short rainfalls are expected in few places. The lowest temperatures will be between 17 and 25°C; in Sofia about 18°C. The highest will be between 34 and..

published on 7/10/24 6:45 PM