On 19 August 2014 the State Energy and Water Regulatory Commission (SEWRC or Regulator) issued and published on its Internet site а new form of Application for electricity trading license together with detailed instructions to the applicants regarding the required documents and information to be provided by them. The new instructions concern applicants for a […]
The Bulgarian Ministry of Economy, Energy and Tourism has drafted a Bill for amendment to the Energy Act and has announced it for public discussions. The main purpose of the amendments, as promoted by the Ministry, is to improve the independence and the activities of the State Energy and Water Regulatory Commission (SEWRC or Regulator). […]
Bulgaria will keep its flat tax rate of 10%, Bulgarian National Assembly has decided, rejecting motions to re-introduce progressive taxation. Members of parliament from the minority government coalition of centre-right GERB and right-wing Reformist Block have introduced draft bill for amendment of the Bank Bankruptcy Act aiming to disallow the set-offs at Corporate Commercial Bank […]
Sofia City Court has stopped bankruptcy proceedings launched at Corporate Commercial Bank (CorpBank). This was done it the first court session on the bankruptcy case held on Monday 24 November 2014. The bankruptcy procedure was suspended due to the appeals filed by CorpBank’s majority shareholder – Bromak and other shareholders and depositors with the Supreme […]