Market Intelligence

Bulgaria has introduced a new licensing regime for gambling affiliate operators, requiring separate licences for performance-based promotion of gambling games. The amendments impose strict compliance obligations, substantial government fees, and significant financial penalties for violations, fundamentally changing how affiliate marketing is regulated in the Bulgarian gambling sector.

In a recent decision (Decision No. 911 of 09.10.2025, the “Decision”), the Bulgarian Commission on Protection of Competition (the “CPC”) set out important conclusions regarding the distinction between product...

Bulgaria has introduced significant legislative changes in 2026, including new lobbying regulations, enhanced cybersecurity requirements, and EU-wide foreign direct investment reforms. Bulgarian courts have issued important rulings on insolvency criteria, director liability, and non-competition clauses in M&A transactions, while the Supreme Court prepares to address the validity of agreements detrimental to companies.

Bulgaria's Ministry of Justice has launched an investigation into controversial real estate transactions involving Russian state properties in Sofia.

Bulgaria's decade-long moratorium on municipal disposal of residual agricultural land has officially expired, opening new pathways for energy and infrastructure development.

March 2026 – Bulgaria has adopted changes to its national legislation implementing EU rules on collective consumer representative actions.