Аccording to the joint order of the National Statistical Institute (NSI) and the National Revenue Agency (NRA) from January this year, a company can submit...

On 7 March 2018, the CPC opened a sector inquiry into the banking sector.

The variety of ESG financing instruments allows for some flexibility in the choice of targets and KPIs; still ESG loans should follow the clearly established sustainable finance principles...

Due to its creation in September 2016 the Governing Council of the Bulgarian National Bank adopted Ordinance No. 12 on the Register of Bank Accounts and Safe Deposit Boxes.

The proposed introduction of bad debt relief in the Bulgarian legislation is a natural continuation of the administrative and court practice evolving on the topic over the past two years.

In 2022 Schoenherr advised on two green bonds for financing renewable energy projects in Bulgaria with foreign lenders structured as alternative investment funds who may not extend classic loans...

Bulgaria is set to adopt the euro as its official currency on 1 January 2026, marking a significant economic milestone. Recent legislative changes have laid the groundwork for this transition, setting out rules on pricing...

On 12 February 2016, Bulgaria ratified the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, by way of Decree No. 21 published in the Official Gazette No. 14 of 19 February 2016.

Germany's assumption of the Presidency of the EU began on the 10th of July 2020. Along with it came the long-awaited announcement that Bulgaria and Croatia entered...

The most popular Bulgarian security interests under credit transactions are special pledges, resembling English floating charges.

The market for non-performing loan (NPL) transactions is expected to grow, as a result of the COVID-19 pandemic. This article outlines some of the most important legal aspects around NPL transactions in Bulgaria.

Since the beginning of 2010 the Commission for Protection of Competition has issued 25 clearance decisions on notification and five decisions in which it imposed penalties for non-notification and premature implementation of concentrations.

Bulgaria is a destination of contradictions and of all combinations.

On 10 July 2020 the Bulgarian lev and the Croatian kuna were included in the Exchange Rate Mechanism I.

On 10 April 2019, a bill for amendment of Bulgaria's Recovery and Resolution of Credit Institutions and Investment Firms Act (the "Bill") was passed on first reading by the Parliament.

Bulgaria is on the verge of a major economic change as it plans to adopt the Euro by 2025. There's also discussion about introducing the Euro as a secondary currency in 2024.

The Bulgarian Financial Supervision Commission (the "FSC") recently adopted instructions for implementation of the Guidelines on a common definition of European money market funds.

Banks are privileged creditors in debt enforcement proceedings, according to a Constitutional Court ruling on 2 October 2012.

Buying a property in Bulgaria through mortgage is a very popular option. A lot of people used it in the period 2000-2009.

The Bulgarian National Bank (BNB) released the results of the banking system overview, which was initiated earlier this year.