One of the major requirements for granting transportation license in Bulgaria (and EU) is the requirement for financial stability of the applicant. Currently the requirements involve possession of own capital minimum of €9000 for first vehicle and €5000 for each following vehicle. If that amount cannot be covered by the capital of the applicant, there is another option. The transportation company need to provide a bank guarantee, that will cover the aforesaid amounts. Currently those are the two options available that can be used to prove financial stability of the applicant.
An amendment in Regulation №11 is introducing one more option for proving financial stability. The applicants can sign an insurance policy that will cover the aforesaid amounts. The policy need to be signed for at least one year in order the Agency to accept it. Currently this option is not in force, but will be very soon.