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.
The majority of Austrian companies that have invested in Bulgaria expect the economic climate in the country to remain stable (54%) or improve (13%) over the next 12 months. This was shown by the traditional "Survey among Austrian..
Eight inflatable boats used to transport migrants illegally from the EU to the UK across the English Channel have been confiscated at the Lesovo border checkpoint on the border with Turkey. They were declared to customs authorities as..
There are 1,300 vacancies in the National Railway Infrastructure Company, or about 10% of the jobs - mainly for mechanics, traffic controllers, and switchmen. This was what the chair of the Union of Railway Workers in Bulgaria, Petar..
In a statement from the parliamentary rostrum, the leader of Vazrazhdane party, Kostadin Kostadinov, stated that his party would not allow "a national..
President Rumen Radev held a phone conversation with the EU Special Representative for the Belgrade-Pristina Dialogue and other Western Balkan Regional..
Bulgaria’s Minister of Finance Temenuzhka Petkova said that she is concerned about the current state of the country’s finances, which,..
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