Latest News from Bulgaria
A set of amendments to the Consumer Loan Act passed first reading in Bulgaria's Parliament.
The legal changes, put forth by Yordan Tsonev, MP from liberal party Movement for Rights and Freedoms (DPS) and Rumen Gechev, MP from the Bulgarian Socialist Party (BSP), were approved with 99 votes in favor, 4 votes against and 7 abstentions, according to reports of dnevnik.bg.
Romania has become Bulgaria's third largest trading partner after Germany and Italy, partly as a result of the New Europe Bridge, which opened last year, officials say.
The Prime Ministers of Bulgaria, Romania and Serbia,Plamen Oresharski, Victor Ponta and Ivica Dacic will hold a trilateral meeting in Bulgaria's Danube city of Ruse on Friday.
A lunch has been scheduled after the meeting.
Transit permits expected to help Turkey and Bulgaria
A new liberalised transit permit regime between Bulgaria and Turkey should help businesses and develop the economy in both countries, officials and business owners say.
New liberalised traffic rules between Bulgaria and Turkey are expected to take effect in April. [Gabriel Petrescu/SETimes]
The New Europe Bridge, previously known as the Danube Bridge 2, has increased commodity turnover between Bulgaria and Romania.
Bilateral trade between the two countries now exceeds EUR 3B. Romanian export to Bulgaria grew by 9%, and Bulgarian export increased by 6%, Romanian Embassy counselor Victor Dediu revealed Thursday, Bulgarian Standard News reports.
Foreign Minister Kristian Vigenin’s trip to Ukraine on Tuesday has sparked controversy among MPs, with MPs from the ruling Bulgarian Socialist Party and the ethnic Turkish Movement for Rights and Freedoms expressing shock.
The MPs said they did not understand whether it was Bulgaria’s position or his own stance on the Ukrainian crisis that the minister was representing.
The National Association of Municipalities in the Republic of Bulgaria (NAMRB) has demanded that 2-3% of the personal income tax be redirected to local authorities.
Todor Popov, Chair of NAMRB, explained Thursday that the measure would bring an additional BGN 500 – 600 M into the budget of the local authorities.