regulation

Author: Nikolay Filibev Earlier this week, the parliament adopted at first reading another proposal by the Ministry of Finance to tighten the restriction on cash payments. Bulgaria is one of the few countries in the EU with such a restriction. Even some of the most developed economies in the EU are without any limit …

Author: Iliyan Koychev Real estate is a favorite investment asset of Bulgarians, and in the long term, a potential change in this attitude is unlikely. The real estate market is developing rapidly and in large Bulgarian cities such as Sofia, Plovdiv and Varna, the asking prices (regardless of whether for purchase and sale or for rent) are …

Without even waiting for three months to pass since the last rejection of this bill, the Ministry of Finance this week again introduced a proposal to tighten the limit on the maximum amount of cash payments from 10,000 to 5,000 leva. And of course, the same song is being sung again - ...

A few weeks ago, the parliament adopted a bill on first reading, which aims to limit the amount of all cash payments to 1,000 leva by 2019. The adoption of the bill itself is a natural continuation of the worrying trend at the European level to limit cash payments. The imposition of …

Author: Miroslav Mollov With the amendments to the Cash Payments Restriction Act adopted at first reading, it was proposed that the regulated threshold for cash payment restrictions in the country be reduced from BGN 10,000 in stages to BGN 5,000 from 01.08.2017, from BGN 5,000 to BGN 3,000 from 01.01.2018, and …

In the first part of this series, we looked at what economic theory can tell us about the potential effects of the minimum wage and its increases on employment in those sectors of the economy where the least skilled (or inexperienced) workers work; i.e. the sectors that are directly affected by it. As we saw, if, …

Due to their nature, payday loans are often the subject of public discontent and a good area for intervention by politicians who aim to protect customers. In this article, we will compare the existing regulatory control over this part of consumer finance in the UK and Bulgaria and examine the effects …