Archive for December, 2016

Amendments to the Commerce Act

Friday, December 30th, 2016

On 30 December 2016 the insolvency laws have been amended by introducing a new (refutable) presumption of insolvency – failure to file in the Commercial Register the annual financial statements for the last 3 years prior to filing an insolvency petition.

In this connection a company that has failed to file its financial statements in the Commercial Register in the last 3 years is advisable to do so as soon as practicable.

The Indian-Bulgarian Business Chamber (IBBC) Signed a Memorandum of Understanding with the Largest Business Organization in India – FICCI

Wednesday, December 7th, 2016

The Indian-Bulgarian Business Chamber (IBBC), represented by its Chairman, Mr. Borislav Boyanov, signed a Memorandum of understanding with the oldest and most influential business organization in India, the Federation of Indian Chambers of Commerce & Industry (FICCI), during the 3rd „India-Europe 29 Business Forum“ held in New Delhi, India on December 7 – 9, 2016.

The Indian-Bulgarian Business Chamber in cooperation with the Ministry of Economy of Bulgaria and the Embassy of India in Bulgaria arranged the official visit of the Bulgarian delegation to the “India- Europe 29 Forum”, organized by FICCI as an institutionalized platform to promote multifaceted engagements with European economies and strengthen bilateral economic, scientific and technical partnership between India and the European countries.

The members of the Bulgarian delegation headed by Mr. Boyanov, which was the largest among other participants, took part in a number of B2B meetings with leading Indian companies from the information technologies, telecommunications, consulting services, FCGM, healthcare, hospitality and tourism and other industries seeking collaboration with Bulgarian counterparts.

The high-level participation in the Forum was marked by the presence of senior ministers, ambassadors and business leaders from Europe and India.15284964_1141056002660406_7717982412803788107_n15327271_1141055999327073_9867224455185440_n