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.
Representatives of the Bulgarian-African Chamber of Commerce visited the Bulgarian Chamber of Commerce and Industry and met with its President Tsvetan Simeonov. Albena Jones, Dimitar Turlakov, and Anton Samsonov are among the founders of..
The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current weather conditions, and regularly check the status of their flights. The Canadian Meteorological..
The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of..
A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the..
The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current..
Sofia Airport has been officially renamed to Vasil Levski Airport at a solemn ceremony on February 19 . The ceremony was attended by Deputy Prime Minister..
Partly Cloudy
Clear
Mostly Cloudy