New credit bill sparks heated debates in parliament
Tsoncho Ganev, a member of the 'Vazrazhdane' party, leveled serious criticism at the government regarding a new credit bill being prepared for 2026. According to him, the proposed changes will primarily affect the poorest citizens of Bulgaria, who rely on loans to cover their daily needs.
During his speech in the National Assembly, Ganev stated that the fight against the country's oligarchy is being conducted in a way that places a financial burden on the most vulnerable groups in society. He emphasized that the new regulations could make access to credit more difficult and expensive for ordinary people.
For their part, government representatives argue that the goal of the bill is to introduce stricter control over the financial sector and protect consumers from excessive indebtedness. According to them, these measures are necessary to stabilize the economy and bring Bulgarian legislation into compliance with European standards.
The topic has sparked a broad response among economic experts and the public. While some support the idea of greater transparency in lending, others fear that the restrictions will lead to a rise in unregulated financial services.
The bill is set to undergo further discussions in parliamentary committees. Debates on the topic are expected to continue over the coming weeks, with the focus being on finding a balance between consumer protection and the accessibility of financial services.