Balgarianovinite.com At its sitting on Tuesday, the Council of Ministers approved a bill amending and supplementing the Government Debt Act and proposed that the National Assembly adopt the bill. The draft amendments harmonise national legislation with EU requirements and practices arising from Bulgaria’s membership in the eurozone and the Introduction of the Euro in the Republic of Bulgaria Act, the Government Information Service reported.
Collective action clauses are introduced, which will apply to all government securities with an initial maturity of more than one year. This fulfills the requirements of the Treaty establishing the European Stability Mechanism and full synchronization with the practice in other eurozone countries.
The bill introduces a legal framework for the designation, control, and status of primary dealers in government securities as a means to increase legal certainty, strengthen investor confidence, and ensure more efficient functioning of the sovereign debt market.
The changes create conditions for expanding the range of participants, including global investors, by introducing omnibus accounts and eliminating paper certificates issued by sub-custodians of government securities to individuals.
The measures are aimed at modernizing the market infrastructure and ensuring compatibility with settlement and payment systems in the European Union, which will allow for fuller integration of the Bulgarian sovereign debt market within the single European market.
The legislative revisions are expected to increase the efficiency, transparency, and competitiveness of the government securities market, reduce transaction and administrative costs, strengthen investor confidence, and create conditions for the sustainable development of the Bulgarian sovereign debt market within the framework of the European integration process. Government Approves Draft Amendments to Government Debt Act 2025 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2025-12-23 15:28:19 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
