Bulgarian Parliament Supported the President's Veto on the Texts of the Privatization Act

The Parliament supported the President's veto on the texts of the Privatization and Post-Privatization Control Act adopted by the National Assembly on 18 July 2018.

24 Chasa newspaper reported. The members of the Parliament canceled texts of the law - paragraphs 3 and 4.

Paragraph 3 limited the duration of specific obligations of buyers under privatization contracts within 5 years. With paragraph 4 this new rule would also apply to already concluded privatization contracts.

As part of the debates the political parties GERB, BSP, and the United Patriots exchanged allegations of lobbyism and ties with the oligarchy, as well as responsibility for privatization. From BSP was said that the contested texts benefited not only one company, and if they did not withdraw from the law, the Bulgarian state would incur losses in hundreds of millions of levs.

Tsvetan Tsvetanov thanked the Movement for Rights and Freedoms, the party Volya and the independent members for the tolerance manifested quite often by them.

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Petya Petrova

Petya Petrova is a journalist, believer, and traveler.

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