Bulgarian National Bank Seeks Buyer for Coins to Be Melted Post-Euro Transition
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Bulgarian black and colored scrap metal dealers fear that the draft Waste Management Act may force them out of business. Photo by BGNES
Bulgaria's draft Waste Management Act caused 5000 protesters to gather in front of the parliament building Wednesday.
The protest, organized by a civic initiative of black and colored metal scrap dealer, was backed by Svetozar Nikolov, Chairman of the National Association of Bulgarian Business.
"We must be united and well-coordinated", Nikolov urged, adding that "We want change and we shall not stop".
Representatives of scrap metal dealers and recycling companies insisted that they had been told by Environment Minister Nona Karadzhova that only 400 companies could stay on the market.
The mandatory deployment of non-cash payments in scrap metal trade and the proposed 2013 ban on natural persons trading in black and colored metals were two key aspects of the draft Waste Management Act that drew the ire of the protesters.
A group of them were allowed to enter Parliament to table a petition stating their main demands.
They insist that the existing draft Waste Management Act, prepared by the Bulgarian Ministry of Environment and Water, be instantly withdrawn and barred from parliamentary discussion.
The protesters call for wide social participation in the preparation of a new law which favors the interests of Bulgarian society and the business sector and complies with rule of law.
The Bulgarian National Bank announced extended operating hours at its cash desks today and on Saturday, December 20, in response to heightened public demand
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable
At the turn of the year, Bulgaria is preparing to enter 2026 without an approved state budget
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
The three leading telecommunications operators in Bulgaria inject more than 640 million BGN (≈327 million EUR) annually into the development of networks and services
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
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