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.
The new Chairwoman of the Financial Supervision Commission Karina Karaivanova is planning a serious increase in taxes paid by pension funds, insurers and the investment community.
Karaivanova has already had meetings with representatives of the non-banking sector.
The goal is for the Commission to become independent from the state budget and for its expenditures to be covered fully by the businesses which it supervises.
The budget of the Commission for 2016 is BGN 10.44 M, while the transfer from the state budget amounts to BGN 3.2 M. The annual proceeds from taxes in 2015 amounted to BGN 5 M
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.
Operation Rising Lion: Why and How Israel Attacked Iran
EU Population Grows by Over a Million, While Bulgaria Continues to Shrink