Introduction
When you consider an investment in Bulgaria or exiting an
existing investment (either an entity, a business as a going
concern or a part of it, or an income generating asset) you would
diligently check if the contemplated transaction would trigger the
requirement for a mandatory merger filing. In a series of articles,
we discuss the key aspects that businesses and counsels should
consider when implementing mergers in Bulgaria.
As a starting point, the Bulgarian merger control regime is
essentially identical to the European Union merger control regime.
The Bulgarian competition law on merger control has copied and
effectively implements the EU merger control rules (and in
particular the main EU instrument – Council Regulation No.
139/2004 – the Merger Regulation). Further, the national
competition authority (the Commission for Protection of the
Competition) takes into account and applies the relevant rules in
compliance with the EU laws, notices,
