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ARTICLE · 18 JULY 2024

Bulgaria Bolsters Security: New FDI Screening In Effect

Bulgaria recently took a step to safeguard its national security and public order. In March 2024, the country implemented a foreign direct investment (FDI) screening mechanism...

BulgariaGovernment, Public Sector

Bulgaria recently took a step to safeguard its national security and public order. In March 2024, the country implemented a foreign direct investment (FDI) screening mechanism, aligning with EU regulations. This means certain investments will require approval before going forward.

Who screens these investments? An Inter-ministerial Foreign Direct Investment Screening Council, comprised of ministers and regulatory commission representatives, will handle the process.

So, which investments get screened? Here's a breakdown:

  • Investors: Those from outside the EU, or controlled by non-EU entities, will face scrutiny.
  • Sectors: Critical infrastructure (energy, transport, etc.), critical technologies (AI, robotics), and media are all on the watchlist.

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