Earthquake Rocks Montenegro: Eyewitnesses Describe Frightening Scenes
Montenegro was jolted awake by a powerful earthquake in the early hours of this morning, sending shockwaves across the region
Economists and NGOs ponder the setting up of a mandatory disaster insurance scheme in Bulgaria, reports bTV.
Their estimations show that if all owners paid for their real estate a mandatory annual fee of BGN 10 and 30, the state could have at its disposal between BGN 40 and 60 M each year to help disaster stricken residential areas.
The sum would be only used for helping people in disaster areas. The fund would be out of the state budget and would be overseen by the insurance companies.
A resident of the town of Dobrich, which was hit by a flood in June and is still recovering, got only BGN 325 in state aid, but is skeptical. “I don't trust them,” Kolcho Kolev told bTV. “Many funds disappeared like this. I hear they are taking money from the pension funds to cover the budget deficit.”
Ralitsa Agayn, deputy chair of the Financial Supervision Commission is also somewhat skeptical and does not support the idea of forcing people to pay. “I believe in market mechanisms and only people who can afford it, should buy disaster insurances,” she said.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria has crowned not one, but two Spelling Bee champions this year
The municipal council of Burgas has opted to extend the operation of the city's "green zone" for paid parking throughout the entire year, with both summer and winter hours
As concerns over public health continue to mount, Parliament is deliberating on proposed amendments to the Health Act aimed at cracking down on indoor smoking, encompassing all smoking products, including non-tobacco alternatives and hookahs
In response to a surge in whooping cough infections across the country, the Ministry of Health has announced a significant adjustment to the immunization schedule
In response to the alarming surge of whooping cough cases, the Health Commission has convened an extraordinary meeting to address the escalating situation
During the night, cloud cover will increase and thicken, with showers expected to develop from the southwest
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022