Last Public Discussion on Electricity and Heating Prices Increase from July 1
Last public discussion on electricity and heating prices increase from July 1, this time with the participation of civilian organizations.
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.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
A special hall will welcome gamers and enthusiasts for various activities and tournaments
In a recent interview with BTA, Associate Professor Angel Kunchev, the chief state health inspector, addressed the potential declaration of an epidemic of whooping cough and outlined the measures that would be taken in response
Over the next 24 hours, a cold front will move across the country, bringing mostly cloudy skies and widespread rain
As Bulgaria grapples with a surge in whooping cough cases, Public Health experts offer insights into the situation, assuring the public about the severity of symptoms and emphasizing the importance of vaccination
Deputy Minister of Transport and Communications Dimitar Nedyalkov heralded a new era of connectivity as he unveiled the ambitious 5G SEAGUL project, which aims to blanket the Struma highway with high-speed internet coverage
In a significant update to Bulgaria's identification system, the issuance of new ID cards will come with a higher price tag of BGN 30, compared to the current fee of BGN 18
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022