Leading Bulgarian economists are calling for the adoption of a Personal Insolvency Law. According to experts from the Economic and Public Policy Council, Bulgaria's legislation should protect both the rights of people in financial difficulties and creditors.
The law aims at helping Bulgaria overcome the perpetual debtor phenomenon, meanwhile allowing the financial sector to recover its receivables. Currently, the loan portfolio of individuals and small companies exceeds EUR 14.6 billion.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
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