Financial Supervision Commission

Bulgaria's forthcoming adoption of the euro will bring changes to the liability limits for compulsory motor insurance.

Taxi drivers across Bulgaria will stage a nationwide protest today, expressing outrage over the sharp rise in "Civil Liability" insurance premiums. They claim the increase is both drastic and illegal, accusing insurers of operating as a cartel. Representatives of the industry have engaged with institutions and political parties, seeking intervention.

The Financial Supervision Commission (FSC) has alerted its regulated entities about advancing to the next phase of preparations for introducing the euro in Bulgaria, highlighting the crucial role of the non-banking financial sector.

The Ministry of Finance in Bulgaria has introduced a draft Law on Cryptoasset Markets aimed at regulating the trading of crypto-assets. This initiative is in response to the European Regulation on crypto-asset markets (MiCa), which Bulgaria is required to adopt. The new legislation will lay the groundwork for crypto regulations in the country. Details about the bill were provided by Adv.

Niki Kanchev, Ani Tsolova, Svetlin Nakov, Lyubomir Stoykov and Maxim Behardiscussed potential changes in the professional education

The City Court in Sofia, Bulgaria, has fined Capital Weekly judicial reporter Rossen Bossev in a defamation case presided over by a judge he had previously criticised - drawing criticism from domestic and international media watchdogs.

The company for biometric systems „Biodit" JSC will have the support of BGN 50 000 for its listing on the stock exgange. On a ceremony at Bulgarian Small and Medium-Sized Enterprises Promotion Agency, the Executive Director of the Agency Dr. Boyko Takov handed the voucher to Mr. Julian Sofroniev, Managing Director of „Biodit" JSC. The event was also attended by Mr.

50 million leva is the maximum amount of the new government guarantees that the Council of Ministers has approved under the Students and PhD Students Loan Act (LCAS). Credits are granted to Bulgarian citizens, citizens of the EU, EEA and Swiss Confederation and are only for higher education in Bulgaria.

The company for biometric systems „Biodit" JSC will have the support of BGN 50 000 for its listing on the stock exgange. On a ceremony at Bulgarian Small and Medium-Sized Enterprises Promotion Agency, the Executive Director of the Agency Dr. Boyko Takov handed the voucher to Mr. Julian Sofroniev, Managing Director of „Biodit" JSC. The event was also attended by Mr.

The gross premium income of the non-life insurance companies reached BGN 403,109,672 at the end of February, according to the Financial Supervision Commission. A little over 69% of it comes from motor insurance, and 15% is under "Fire and natural disasters" and "other property damage".