Bulgaria: Eurozone Entry Doesn’t Require Re-Signing Existing Contracts, Financial Regulator Warns
The transition to the euro will not necessitate the re-signing of existing contracts, Vasil Golemanski, Chair of the Financial Supervision Commission
File photo.
Bulgaria's Parliament passed amendments to the Consumer Protection Act, extending the right of consumers to return goods bought outside the business premises within 14 days.
The extension of the previous seven-day period was passed with the EU Directive of Consumer Rights (2011/83/EC), which became effective on June 13, 2014.
According to the amendments, consumers in Bulgaria will have the right to return products, purchased outside the premises and cancel contracts, negotiated from a distance within 14 days of the date, on which the product was received or the contract signed, without needing to give explanation or paying compensation and additional expenses.
The amendments encompass online, telephone and catalogue shopping as well as contracts, negotiated by phone.
Energy Minister Zhecho Stankov has firmly rejected claims by former Finance Minister Asen Vassilev from "We Continue the Change" that Bulgaria’s inflation is driven by high household electricity prices
Simeon Dyankov, chairman of Bulgaria’s Fiscal Council, has warned that price increases implemented by traders are likely to remain in place despite new laws and fines
The Bulgarian passport offers its holders visa-free access to 178 countries and territories, placing it 11th globally for travel freedom and expedited border crossing, according to Henley & Partners.
The U.S. Department of State, the University of National and World Economy (UNWE), and Bulgarian Energy Holding (BEH) yesterday concluded two seminars on stakeholder engagement and industrial applications of small modular reactors (SMRs)
The Bulgarian government has approved an additional €25 million in revolving credit for Bulgarian Posts EAD to support the ongoing exchange of levs into euros at post offices
The Bulgarian National Bank (BNB) has updated its GDP growth forecast for Bulgaria for the 2025–2027 period, showing a more optimistic outlook than its June 2025 projections.
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