The Bulgarian National Assembly Adopted at Second Reading The Fuel Law
Sofia, Bulgaria -
The National Assembly adopted at second reading the key texts of the controversial Fuel Act - Law on the administrative regulation of economic activities related to oil and products of petroleum origin.
In its final version, the requirements for traders were mitigated against the initial proposals submitted.
For registration, wholesale traders will have to have a paid-in capital of BGN 1 million, and for those who do not have pade-in share capital - there will be a requirement to have assets of no less than BGN 1 million. The initial proposal was for the capital to be BGN 3 million.
Transporters of liquid fuels will have to provide collateral of BGN 3,000 for each tank. The LPG bottle vendors requirеments to dispose of a minimum of 10,000 of their own storage bottles have also been reduced. Education requirements have also been removed.
Meanwhile, on the Kapitan Andreevo border a spontaneous protest started.