The compulsory Third Party Liability insurance for car owners may become more expensive due to changes in the Insurance Code, submitted by the government in parliament. This warning came from insurers who are dissatisfied with the planned removal of the 5,000 BGN cap on compensation for individuals outside the closest circle of people killed in a road traffic accident.
The 5,000 BGN cap was temporarily introduced until the adoption of a methodology for determining compensation amounts, but such a methodology has not yet been adopted. The European Commission considers the Bulgarian cap to be contrary to the 2009 Directive relating to insurance against civil liability in respect of the use of motor vehicles.
Joining the Eurozone, which includes 20 major European economies, will have an impact for the next 10, 20, 30 years, Bulgaria’s Premier Rosen Zhelyazkov told BNT, as quoted by BTA. According to him, the long-term benefits include a higher..
Before noon on Thursday, it will be mostly sunny, followed by cloudy skies and brief showers, mainly over western Bulgaria and the Central Balkan Mountains. In northwestern Bulgaria, the showers will continue until Friday night. It will be hot, with..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This is a cause for pride for Bulgarian society, which in the late 1990s embarked on the path to be..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the..
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