Olympic Champion Karlos Nasar Named Bulgaria’s Man of the Year 2024
At a glittering ceremony held Thursday evening at Sofia’s Military Club, Olympic champion Karlos Nasar was honored as the “Man of the Year” for 2024
Changes are underway in Bulgaria as amendments to the Law on Consumer Protection aim to tighten regulations in online trade, aligning with directives and regulations from the European Parliament. The European Commission initiated an infringement procedure against Bulgaria due to delays in implementing stricter consumer protection rules, prompting the publication of these amendments for public feedback once again.
Key among the changes is the establishment of a rapid alert system via the "Safety Gate" platform and the "Safety Business Gate" web portal. These platforms enable consumers to subscribe for weekly updates on identified hazardous products, enhancing safety measures across online transactions.
Moreover, the new rules will extend to encompass emerging technologies, including digital services integrated into or interconnected with products. Amendments will also affect legislation concerning digital content, digital services, the sale of goods, consumer credit, real estate loans, distance financial services, and more.
These legislative updates are designed to bolster consumer rights and safety in Bulgaria's evolving digital marketplace, ensuring compliance with European standards and enhancing consumer confidence in online transactions.
Sofia continues to dominate Bulgaria's housing market, securing the top spot for the third consecutive year in the construction of large residential properties.
According to the latest data from the Bulgarian National Bank (BNB), the number of individuals in Bulgaria holding bank deposits of over 1 million BGN continues to rise steadily—at an average rate of one new millionaire depositor per day.
Bulgarian MPs in a temporary road safety committee supported a proposal to deny annual car inspections (GTP) to drivers with unpaid traffic fines.
Prime Minister Zhelyazkov: “Fastest-Adopted Governance Program in History – Finalized in Just 38 Days”
Bulgaria has accelerated in embracing digital technology, with 84% of its population actively involved on the internet.
Plovdiv has emerged as the most dynamic regional office market in Bulgaria, with over 237,000 square meters of Class A and B office space, according to the latest “Offices in Regional Cities in Bulgaria” report published by Colliers International.
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase