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...

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.

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...

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.

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.

On 7 March 2018 the Bulgarian Competition Protection Commission ("CPC") announced a sector inquiry into the banking sector in Bulgaria covering the period from 2015 to end of 2017.

The Bulgarian Corporate Commercial Bank ("CCB")'s insolvency has resulted in a variety of changes to the Bulgarian banking legislation.

The new amendments bring the Ordinance in line with the provisions of Commission Delegated Regulation (EU) 2018/389 (the "Regulation").

The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds.

The amendments provide new business opportunities to banks to enter into repo transactions and derivatives with Bulgarian pension funds.

Under art. 90, par. 1 of the Bulgarian Contracts and Obligations Act, a party may refuse to perform its obligations if there is non-performance by the counterparty under the same transaction...