Bulgaria's Trade Registry to Launch SMS Service

Bulgaria plans to launch a new service for Trade registry clients, which will inform them of any changes in companies' registration through SMS.

"The service will provide updated information for the company the client is interested in with no need to log onto the site," officials from the justice ministry explained.

The introduction of paid access by registered users only to some of the data in the Trade Register, which was supposed to enter into force on January 01, 2012, was postponed for next year.

The idea initially was to restrict public access to some of the data, private contracts and other supplementary documents to company cases requiring users to file an application and obtain a registration to log in.

In February, the Parliamentary Legal Committee introduced amendments providing for access to the Trade Register only for certain groups – lawyers, law enforcement officers, and the police.

All other Bulgarians would have access to very basic data from the register, but not to information pertaining to business and company cases.

The amendments envisaged providing full access only to the Court, the investigative authorities, personal data operators, lawyers, notaries public, law enforcement officers, legal advisors, and tax agents.

Their access would also be monitored and there would be a log of who accessed what information and when.

The author of the proposal, the GERB MP Emil Radev, explained that the measure would stem the growing trend of personal data abuse.

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