Bulgaria’s Trade Register restored to full functionality

Written by on August 27, 2018 in Bulgaria - Comments Off on Bulgaria’s Trade Register restored to full functionality

Bulgaria’s Registry Agency said on August 27 that the full functionality of the country’s Trade Register has been restored, ending the longest outage since the register’s creation more than a decade ago.

The agency said that all operations with the register could be carried out at the Trade Register’s offices, with full online functionality scheduled to become available on the afternoon of August 27.

Access to the register – which houses data that Bulgarian companies and non-profit entities are required by law to declare, such as ownership and management details, registration information and annual reports, among others – was disabled on August 10.

The Registry Agency, which maintains the register, initially said that the reason was a technical malfunction that it was working to fix, but gave no further details.

Reports in Bulgarian media said that the register’s shut down was caused by the failure of four hard drives with 25 terabytes of data, but it was not immediately clear why the lack of access to the data would trigger a systemic failure, nor why backup systems failed to prevent the downtime.

The fiasco has since claimed the job of Zornitsa Daskalova, who resigned as head of the Registry Agency on August 17 and has been replaced by Gabriela Kozareva on August 20.

(Photo: jainapoorv/freeimages.com)

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