Drivers who exceed the speed limit in Bulgaria will be subjected to a fine that makes up more than half of the country's average wage, MPs have decided.

A financial sanction of BGN 700 will be imposed on drivers whose speed goes more than 50 km/h beyond the allowed limit in urban areas.

Outside resident areas, the sum will be BGN 600 for the same violation, lawmakers have agreed while approving changes to road traffic legislation in a final reading.

For public transport vehicles or one transporting dangerous cargo, the fine will be BGN 1000 respectively.

Bulgaria's national minimum wage is BGN 420 as of the moment (and is set to rise to BGN 460 in January), while the average one is projected to surpass BGN 930 by the end of the year.

Police will be able to deregister vehicles whose owner drove under the influence or was using them without having a valid driving licenses.