The mortgage system in Bulgaria is not transparent and very complex. A European Parliament delegation has come to this conclusion after a visit to the country in February. Among the problems are misleading behavior of private banks such as failure to inform about potential risks and misleading clauses in agreements, insufficient supervision of private bailiffs and difficult access to free legal aid for consumers.
MEPs have made recommendations on the identified problems to the Bulgarian National Bank, but describe their communication with the institution as "unsatisfactory", BNR correspondent Angelina Piskova reported from Brussels.
Bulgaria is the guest of honour at the 19th edition of the International Book and Education Fair in Podgorica, which brings together literary representatives from all over Europe. Bulgaria's national presentation, featuring more than 40 publishers and..
The Ministry of Education and Science and the International Bank for Reconstruction and Development (IBRD), one of the five institutions of the World Bank Group, have signed an agreement on more effective use of information resources in education...
Unused state-owned properties that only generate costs should be sold transparently through open bidding on an electronic platform, Prime Minister Rosen Zhelyazkov said. In this regard, the government has adopted the Programme for Managing State-Owned..
The planned liberalisation of the electricity market for household consumers on 1 July this year will not take place, MPs decided at the first reading of..
Oil products of unknown composition and origin have once again washed up on a large stretch of the Pomorie coastline, in what appears to be a more..
Polish President Andrzej Duda, on an official visit to Bulgaria, discussed with Bulgarian President Rumen Radev Warsaw’s proposal that NATO member..
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