Legal Market Overview
Bulgaria has weathered the global Covid-19 pandemic better than many, and the country is predicted to post one of the smallest economic contractions in the EU. A relatively healthy fiscal position at the dawn of the pandemic facilitated strong government support measures, including health system funding, a salary subsidy programme and a pandemic relief fund.
Bulgaria’s traditional key industries span the energy, construction, agriculture and mining sectors, and the country is also a growing hub for technology start-ups, fintech businesses, pharmaceuticals companies and wider R&D clients.
Bulgaria’s legal community is highly competitive. Djingov, Gouginski, Kyutchukov & Velichkov, the largest commercial law firm in Bulgaria, and Boyanov & Co. are among the leading domestic firms, as is Kambourov & Partners. They compete closely with the international firms present in the jurisdictions, including CMS, Schoenherr (in cooperation with Stoyanov & Tsekova), Wolf Theiss and Kinstellar.
There is also noteworthy niche expertise across the market: Andrey Delchev and Partners – Eurolex Bulgaria is widely known for its infrastructure and public procurement work; Jordanov, Ignatov, Ivanov Law Firm excels in the energy sector; and Andonov & Radinska Law Firm handles real estate and construction matters.