The investment process in the construction will be facilitated by changes in the regulation requirements

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The amendments were discussed at the second session of the Public Council headed by the Bulgarian interim Deputy Prime Minister for Economic Policy, Minister of Regional Development and Minister of Investment Planning, Ekaterina Zaharieva.

"Our main task is to unify and facilitate the investment process in the most common types of the construction - fourth and fifth categories. At the moment, the investors in Bulgaria have been in a very difficult situation because the current legislation is outdated, inaccurate and vague, and this is a prerequisite for corruption.", said the Bulgarian interim Deputy Prime Minister for Economic Policy, Minister of Regional Development and Minister of Investment Planning, Ekaterina Zaharieva after the second session of the Public Council. A draft project on amendments to Regulation № 4 on the scope and content of investment projects and the need of amendments to Regulation № 7 on the construction regulations and standards concerning the separate types of territories and spatial development zones were also discussed. The session was chaired by the interim Deputy Minister of Investment Planning Architect Georgi Savov, the Deputy Minister of Regional Development Angel Petrov, the Head of Directorate for National Construction Supervision (DNCS) Milka Gecheva, the representatives of industry, the NGOs and the employers' organizations.

"It is necessary to unify the requirements for the scope and content of the project documentation provided in Regulation № 4 on the scope and content of the investment projects," explained Minister Zaharieva. The modification of the documentation requirements for an investment project has to be defined clearly and comprehensively in order to minimize the possibility of discretion and corruption. According to current regulations any Administration which is issuing building permits may require variable amount of project documentation from the investor.

The participants in the Council agreed on the introduction of clear regulations which will facilitate the investment process for project designers, investors and assignors. It became clear during the session that this is only the first step, which concerns the most common types of the construction, but the regulations for construction of the other categories- first, second and third category will be also upgradeable with amendments.