Regulatory Alerts2026-06-17
Law on Export Credit Insurance
The Bulgarian Parliament enacted the Law on Export Credit Insurance to establish the legal framework for state-backed insurance and reinsurance of commercial and political risks associated with Bulgarian exports and foreign investments. The law designates the Bulgarian Export Credit Insurance Agency (BECIA) as the sole operator, defining its governance structure, risk classification, and financial mechanisms, including state guarantees for indemnity payments. It further regulates the scope of covered risks, insurance capacity limits, and the application of EU standard agreements for cross-border transactions.
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