American business is unhappy with proposed new trade regulations

The American Chamber of Commerce in Bulgaria has voiced criticism against the changes proposed by the ruling Progressive Bulgaria party to the Competition Protection Act and the Consumer Protection Act. The position was stated in a letter sent to the President of the National Assembly, Mihaela Dotsova, BTA reports.

According to the Chamber, the proposals limit the principle of free business initiative and create excessive interference in the relations between participants in the supply chain. The organization states that some of the texts eliminate established contractual practices typical of developed market economies. The letter also reads that the bad practice of passing serious legislative changes hastily without the necessary impact assessment and without in-depth public discussion continues in the 52nd National Assembly.

Editor: Ivo Ivanov