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  • Article

    Legal Aspects Of The Use Of Sustainable Finance Instruments In Bulgaria

    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...
    BulgariaFinance and Banking
    Kinstellar
    Kinstellar
  • Article

    Svetoslav Dimitrov Discussed Before Bloomberg TV Tendencies In The RES Development

    The proposals include measures that should lead to greater energy efficiency and bigger number of market relations in the energy sector.
    BulgariaEnergy and Natural Resources
    Penkov, Markov & Partners
    Penkov, Markov & Partners
  • Article

    The Balkans' Bulletproof Investment Destination

    Business forecasts for Central and Eastern Europe got gloomier at the beginning of autumn 2022 in anticipation of a challenging winter ahead.
    BulgariaReal Estate and Construction
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Bulgaria: 20% Fee On Solar And Wind Power Plants Challenged Before The Constitutional Court

    On 14 January 2014, the President of the Republic of Bulgaria, Mr. Rosen Plevneliev, addressed the country’s Constitutional Court, claiming that the 20% fee on solar and wind power plants does not comply with the Bulgarian Constitution and should therefore be revoked.
    BulgariaEnergy and Natural Resources
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Bulgarian Competition Watchdog Launches A Sector Inquiry Into Electricity Markets

    On 22 January 2018 the Bulgarian Competition Protection Commission ("CPC") announced that it opened a sector inquiry into the electricity markets in Bulgaria.
    BulgariaEnergy and Natural Resources
    Wolf Theiss
    Wolf Theiss
  • Article

    Energy Companies' Obligations For Information Disclosure Have Been Facilitated

    First, changes are introduced in the thresholds determining the persons falling within the scope of §1e of the Additional Provisions of POSA.
    BulgariaCorporate/Commercial Law
    Dimitrov, Petrov & Co.
    Dimitrov, Petrov & Co.
  • Article

    Energy: Bulgaria Introduces Licensing Regime For Natural Gas Traders

    With a last-minute amendment of the Bulgarian Energy Act of 26 June 2020, natural gas trading becomes an activity subject to licensing by the Energy and Water Regulatory Commission...
    BulgariaEnergy and Natural Resources
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Further Liberalisation Of The Electricity Market At Production Level

    The Bill has already passed its first hearing before the Energy committee and the plenary session of the Bulgarian Parliament.
    BulgariaEnergy and Natural Resources
    Wolf Theiss
    Wolf Theiss
  • Article

    Further Liberalisation Of The Electricity Market At Production Level (Update)

    The Parliament adopted a new Bill amending the Energy Act introducing a number of measures to further integrate RES Generation into the liberalised market and abolishing electricity export fees.
    BulgariaEnergy and Natural Resources
    Wolf Theiss
    Wolf Theiss
  • Article

    Agricultural Land Restrictions Expiring In Bulgaria: New Opportunities For Energy And Infrastructure Projects

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

    Energy Regulator's Decision Adverse To Wind Res Producers Repealed By Court

    The NSGE provided under Decision SP-1 represents a specific amount of electricity per 1 kW installed capacity to be purchased by the end suppliers and the public supplier under the FiTs.
    BulgariaEnergy and Natural Resources
    Wolf Theiss
    Wolf Theiss
  • Article

    Simplified Procedure For Constructing Photovoltaic Systems On Rooftops In Bulgaria

    The latest amendments to the Bulgarian Spatial Development Act introducing the simplified procedure for constructing photovoltaic systems on rooftops entered into force on 20 January 2023...
    BulgariaReal Estate and Construction
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    Opening The Gas Market For Foreign Traders!

    Most recently, the Bulgarian Energy Regulator has taken significant steps towards the full liberalisation of the natural gas market:
    BulgariaEnergy and Natural Resources
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    The Impact Of The EU Third Energy Package On Bulgarian Legislation

    The third energy package (TEP) aims at the development of the electricity and gas markets, particularly the separation of supply and generation activities from transmission operations.
    BulgariaEnergy and Natural Resources
    Schoenherr (Schönherr Rechtsanwälte)
    Schoenherr (Schönherr Rechtsanwälte)
  • Article

    The Bulgarian Traders Of Energy Products Are Facing The Market Abuse Regulation

    Effective as of the end of September 2016, Bulgarian traders of energy products must comply with market abuse prevention requirements.
    BulgariaFinance and Banking
    Wolf Theiss
    Wolf Theiss
  • Article

    Get Ready For The New Foreign Direct Investment Screening Regime In Bulgaria

    A foreign direct investment screening mechanism entered into force in Bulgaria on 12 March 2024. The mechanism applies Regulation (EU) 2019/452, establishing a framework...
    BulgariaGovernment, Public Sector
    Kinstellar
    Kinstellar
  • Article

    The ‘Good Old' Internal Market Order: The Industrial And Economic Agenda Of The von der Leyen Commission And What Businesses In Central And Eastern Europe Can Expect

    The new European Commission led by Ursula von der Leyen took office on 2 December. Among the challenges it faces is the daunting task of restoring Europe's competitiveness and economic prowess ...
    European UnionStrategy
    Kinstellar
    Kinstellar
  • Article

    M&A Update: Bulgaria

    Bulgaria has faced five parliamentary elections over the last two years resulting in an almost constant state of political uncertainty since March 2021.
    BulgariaCorporate/Commercial Law
    Ius Laboris
    Ius Laboris
  • Article

    Competition Protection Commission Recommends Amendments Of The Energy Act Concerning The Heating Sector

    On 8 February 2018, the Bulgarian Competition Protection Commission ("CPC") issued a Decision in a Competition Advocacy proceeding initiated in 2017 for the assessment of conformity...
    BulgariaAntitrust/Competition Law
    Wolf Theiss
    Wolf Theiss
  • Article

    Further Reduction In Feed-In Tariffs For Photovoltaic Installations

    The feed-in tariff (FIT) for photovoltaic (PV) installations is to be further reduced, following the publication of a report showing that the investment cost of PV projects has decreased by more than 10%.
    BulgariaEnergy and Natural Resources
    CMS Cameron McKenna Nabarro Olswang
    CMS Cameron McKenna Nabarro Olswang

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