Careless Drivers will Pay More for Insurance in Bulgaria
The Financial Supervision Commission in Bulgaria has decided that from 2018 careless drivers will pay a higher fee for the mandatory vehicle insurance.
Karina Karaivanova has been approved by Bulgarian lawmakers as the next head of the country's Financial Supervision Commission.
Karaivanova, until now Deputy Finance Minister, has been backed by an overwhelming majority of 139 MPs, out of 174 present at the vote.
Only 20 votes, out of 24 "against" (the others being abstentions) come from the Bulgarian Socialist Party (BSP), the biggest opposition force in Parliament.
Karaivanova was the only contender for the post. Debates on her appointment lasted nearly an hour and thirty minutes.
Karaivanova earlier said she would seek a financial audit on the institution and would focus on an evaluation of assets in pension insurance companies immediately after her appointment.
The FSC seeks to ensure the stability and transparency of the non-banking financial sector and oversee the protection of consumers of financial services and products.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Bulgaria’s toll system now has the technical capability to track average vehicle speeds, as announced by the National Toll Management following a meeting with Regional Development Minister Violeta Koritarova.
The income required to cover living expenses for a working individual and a three-member family with a child under 14 has remained almost unchanged compared to June, according to an analysis by the Confederation of Independent Trade Unions in Bulgaria (CI
The Council of Ministers has adopted a resolution to set the minimum wage at 1,077 leva, reflecting a 15.
Every 20 minutes, fire alerts are received from across Bulgaria.
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