Parliament discusses amendments to the Investment Promotion Act

Key highlights from the parliamentary agenda

Today, the National Assembly begins debates at first reading on important amendments to the Investment Promotion Act. The bill, submitted by Petar Vitanov and a group of members of parliament, aims to synchronize the regulatory framework with the structure of the new Council of Ministers.

A key element of the proposal is the transformation of existing structures into the new "Ministry of Economy, Investments and Industry".

What does the bill provide for?

• Defining the competence of the sector ministers in the areas of economy, innovation, and digital transformation.
• Creation of an Investment Coordination Council to the Council of Ministers, which will optimize processes.
• A six-month period for the adoption of subordinate legislation after the law enters into force.

We remind you that on May 8, the parliament voted confidence in the cabinet led by Prime Minister Rumen Radev. The reorganization of the ministries is a direct consequence of the structural changes in the government, which aim at more effective management of public funds and economic growth.

Parliamentary control

In addition to legislative activity, the agenda also includes regular parliamentary control. Ministers Ivan Demerdzhiev (MOI), Ivan Shishkov (MRDPW), and Rositsa Karamfilova-Blagova (MEW) will respond to current questions from members of parliament.