Georgi Kolev

Parliament has finally voted to change the concept of tax on cars and trucks with a maximum weight of up to 3.5 tonnes.

The Transitional and Concluding Provisions of the Corporate Income Tax Act provide for amendments to the Local Taxes and Fees Act, which provide for the tax on vehicles to be determined by a new formula comprising two components - property and environmental.

Bulgaria's President Rumen Radev said on 4th of October he would not sign the decree for the appointment of Georgi Cholakov as President of the Supreme Administrative Court, according to the Bulgarian National Television. 

The Bulgarian Socialist Party (BSP) will start consultations with the President, the Chief Prosecutor and others on the judicial reform, party leader Korneliya Ninova told a press conference, reported BGNES. 

Bulgarian President Rumen Radev has discussed with Chief Prosecutor Sotir Tsatsarov opportunities to improve the mechanisms of interaction between the institutions involved in the fight against corruption and organized crime, reported BNR.

Members of the Supreme Judicial Council (VSS) of Bulgaria have approved their own division into two colleges, one for judges and one for prosecutors.

No disputes have accompanied the debate before the vote. A full majority backed the move, according to the Bulgarian News Agency.

A conference aimed at discussing the effect of the Cooperation and Verification Mechanism (CVM) on Bulgaria is due to be held on Wednesday in Brussels, the Bulgarian National Radio reports.

A top Bulgarian court has definitively refused to consider an appeal against the revoking of the banking licence of Corporate Commercial Bank (Corpbank or KTB), opening the way for an insolvency case against the collapsed lender to proceed.

Bromak, the majority shareholder in Bulgaria's collapsed Corporate Commercial Bank, has challenged the five-judge panel of the Supreme Administrative Court which is to rule on an appeal against the withdrawal of the lender's banking licence.