UK To Set Up Tech Firm Regulator After Leaving EU

The UK government will set up a technology regulator next year to control companies like Facebook and Google after leaving the EU, BTA reported.

The regulatory body will have the power to introduce a number of new rules, including a mandatory code of conduct for the largest companies in the sector and broader access to users for data.

The decision, according to the publication, is based on an international analytical study, initiated by Jason Furman, chief economic adviser to former US President Barack Obama.

According to a member of the Furman team, the regulator should be able to impose fines in excess of the UK Competition and Markets ceiling.

In a report released yesterday, the service outlined a new regulatory regime for the digital sector. Authorities are concerned that both companies are already so large and have such massive access to data that potential competitors cannot compete with them on an equal footing.

Read More

Croatia’s Atlantic Grupa To Start Testing Autonomous Vehicles

ZAGREB (Croatia), March 28 (SeeNews) - Croatian food, drinks and distribution company Atlantic Grupa  opened a new logistics and distribution centre worth 20 million...

Boyko Borissov Opens New Car Parts Plan In Pazardjik

Prime Minister Boyko Borissov opened in Pazardjik a plant for the production of automotive parts of the German company Kostal.The ceremony was also attended by the...

Bulgaria To Build Romanian Border Fence

Clearing of land to enable the building of a fence at the Romanian border has begun, to prevent the movement of wild boar into...


Revenue Of International Tourism Was 590 Million Euros Between Jan-April 2019

Revenues from international tourism for the first 4 months of the year amounted to nearly 590 million euros. This is a growth...

7 Bulgarian Companies Among EU Top 1000 Fastest Growing

Seven Bulgarian companies have found their place in the annual ranking of the prestigious business magazine Financial Times, which ranks companies for...

Lukoil Bulgaria Donates Oil Towards Coronavirus Fight

LUKOIL-BULGARIA joins the National Campaign of the Bulgarian Medical Association "FOR THE HEROES IN WHITE" by donating 20,000 liters of fuel. It...