Bulgaria's Cardiovascular Crisis: Deputy PM Urges Action
Bulgaria is grappling with a staggering burden of cardiovascular diseases, with more than 6 million new cases and over 1.8 million deaths reported annually
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
The European Parliament voted on Thursday to set up public registers to identify company owners.
Such measures are hoped to help in the fight with shell companies and trusts, which are considered harmful to European and world economy.
Under the new plan, banks and financial institutions, auditors, lawyers, accountants, notaries, trusts and real estate agents would be obliged to provide the names of the companies' ultimate owners to national authorities, who for their part will have to put them into the registers.
The new rules would not involve owners of gambling activities, casino proprietors excluded. MEPs cited "lower risk of money-laundering" as a reason for a looser regulation of the sector.
Interlinked registers in each member state are expected to make the current system more efficient, as organizations would be able to easily verify the beneficial ownership of potential clients.
The aim declared by the MEPs is for each member state to list the ultimate owners of companies and trusts in publicly accessible online business registers, the EUObserver has reported.
Plans for scaling back tax evasion and illicit activity seem to have gathered much support from leftist, centre-right and rightist groups in parliament, as Dutch Green MEP Judith Sargentini explained.
The regulation proposals will likely be voted as a draft law before European elections in May. It is yet unclear when they could be agreed among all EU member states.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022