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Insurance companies have warned that another price increase for mandatory Third Party Liability insurance lies just round the corner, wrote newspaper “Now”. Last year the insurance jumped more than 50% and its average value is now between 250 and 300 leva depending on the settlement. The increase is likely to continue in the coming months as well.
One of the reasons for the new appreciation is the measures that insurers have to take after in the end of 2018 Bulgaria has been monitored under the Green Card system due to the systematic non-payment by some companies for accidents damages with Bulgarian’s cars abroad.
The Bulgarian Green Card Bureau was penalized to lodge a guarantee and to enter into a reinsurance contract for the whole market. The guarantee is 5 million euros, the Association of Bulgarian Insurers announced on Wednesday. Henceforth, they refuse to indicate the value of the reinsurance contract, which conclusion was on the final line. The additional costs that companies have to make for this reinsurance will inevitably raise the cost of the policy.
In the beginning of 2018, when the International Green Card Bureau asked the Bulgarian insurers for an extraordinary guarantee deposit of 4 million euros, the Third Party Liability insurance increased by an average of 12 leva.
Last public discussion on electricity and heating prices increase from July 1, this time with the participation of civilian organizations.
The rise in the price of water is inevitable, but it is important how fast it is done and how the socially disadvantaged and the workers in the sector will be protected.
The German insurers' association said the riots that accompanied the G20 summit in Hamburg earlier this month could cost insurance companies up to EUR 12 million (USD 13.
The German insurers' association said the riots that accompanied the G20 summit in Hamburg earlier this month could cost insurance companies up to EUR 12 million (USD 13.
The increase in the price of water in Sofia cannot be less than 18%, while the price change will probably come into effect as of March 1, said in an interview the member of the Energy and Water Regulatory Commission (KEVR) Dimitar Kochkov.
European Commission Vice-President Kristalina Georgieva advised Bulgaria to introduce a transparency register similar to that established by the EU.
The Bulgarian scientific research vessel “Sts. Cyril and Methodius” (NIC 421) has returned to Varna, docking at the Marine Station and marking the official end of the country’s 34th Antarctic expedition
Holiday weather conditions are expected to remain mixed across Bulgaria, with alternating periods of sunshine and rain showers, according to the forecast
The Bulgarian Orthodox Church has decided that no official delegation will travel to Jerusalem this year to receive the Holy Fire, citing the ongoing tensions in the Middle East
Plovdiv will host the International Street Arts Festival 6Fest from April 20 to 26, 2026, turning the city into an open-air stage featuring performers from 11 countries across three continents
The Easter holiday getaway has officially begun in Bulgaria, with traffic leaving Sofia surging as thousands of people set off for the long weekend
Holy Thursday marks one of the most significant days in Holy Week, as Christians reflect on the final moments before the crucifixion of Jesus Christ
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
