President Radev Vetoed Amendments to Law on Privatization and Post-Privatization Control

President Rumen Radev vetoed texts in the Law on Privatization and Post-privatization Control.

The reason is a provision that not only does not protect the public interest but also significantly hurts it. His objections are against § 3 and § 4, including the duration of the specific obligations of buyers under privatization contracts within 5 years, and that this new rule will also apply to privatization contracts already concluded.

The motives for the veto include that: "The regulation under these articles goes beyond the limits outlined by the objectives of the Privatization and Post-Privatization Control Act and by the principle of legal certainty requiring the stability of legal transactions and predictability of the legal consequences of different legal facts".

Minutes after the announced veto, Prime Minister Boyko Borisov ordered GERB deputies to draft new amendments to the law in order to eliminate all doubts about lobbying in favor of one or the other.

Earlier today, it became clear that a three-day protest against these changes of the law is being prepared.

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Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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