Daniel Mitov Ready for Foreign Minister Role Amid Geopolitical Test in Bulgaria
Daniel Mitov, Deputy Chairman of GERB, has expressed his readiness to assume the position of Acting Foreign Minister
Politics | April 18, 2024, Thursday // 11:40
Bulgarian Parliament Moves to Cap Enforcement Agent Fees
- Tweet
Send to Kindle
Fees charged by PEAs will most likely be capped at 10% of the debt. Photo by Sofia Photo Agency
The fees charged by private enforcement agents (PEAs) will be capped, most probably at 10% of the amount of the debt, according to legal amendments passed at first reading in Parliament on Wednesday.
The amendments to the Civil Procedure Code were proposed by center-right ruling party GERB.
Under the existing regime, there is no ceiling for the fees charged by PEAs in the course of the enforcement proceedings.
According to data presented by GERB MP Emil Radev, one of the initiators of the amendments, PEAs collected around BGN 428 M in 2010 from writs of execution and interests, of which some BGN 78 M, or 16.4% had been calculated as fees and extra expenses.
The proponents of the legal amendments presented statistics indicating that in some cases the proportional fees charged by PEAs amounted to over half of the debt or even surpassed it.
The introduction of a cap on enforcement fees was backed by opposition MPs from the Bulgarian Socialist Party (BSP).
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Borissov: GERB Will Be Responsible for the MFA if Mitov is Appointed as Minister
Amidst the political discourse in Bulgaria, Boyko Borissov, leader of the GERB party, has asserted that GERB will assume responsibility for the Ministry of Foreign Affairs if Daniel Mitov is appointed as minister
Politics | April 17, 2024, Wednesday // 10:13
GERB Leads with 10% Margin in Bulgarian Polls Ahead of the Elections
In the run-up to Bulgaria's National Assembly elections, a recent Gallup International survey conducted for BNT has unveiled intriguing insights into the political landscape of the country
Politics | April 12, 2024, Friday // 09:05
Borissov Advocates for Voting Machines in Upcoming Elections
Amidst preparations for the forthcoming elections, Boyko Borissov, leader of Bulgaria's GERB party, has reiterated his commitment to advocating for the retention of voting machines as an option in the electoral process
Politics | April 11, 2024, Thursday // 10:48
Borissov: GERB Will Be Opposition if Petkov and Peevski Form Government
Boyko Borisov, leader of GERB, stated that if Kiril Petkov and Delyan Peevski opt to form a government, his party would serve as a strong opposition, as he would not form a government solely with DPS
Politics | April 4, 2024, Thursday // 12:23
Borissov: 'We Did Everything We Could'
GERB leader Boyko Borissov expressed his perspective on the recent negotiations surrounding the formation of a government, highlighting the challenges and compromises faced during the process
Politics | March 27, 2024, Wednesday // 11:23
Kiril Petkov on his Citizenship: I Do Not Feel Any Guilt
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
General Mutafchiiski with Special Award from Jewish Community in Bulgaria
Head of the Military Medical Academy (MMA) Major General Prof.
Bulgaria: Prices Will Rise More Steeply than Expected - Finance Ministry
The Ministry of Finance has revised its autumn forecast for economic development.
Three Foreigners Arrested in Bulgaria for Trading Info from Arsenal military plant
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
Caretaker Government Required State-owned Companies to Pay Dividend
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
