Appeal of Penalties Imposed for Unjustified Price Increases Under the Law on the Introduction of the Euro in the Republic of Bulgaria With the adoption of the Law on the Introduction of the Euro in the Republic of Bulgaria (LIEB), the legislature imposed strict requirements on merchants regarding pricing. Pursuant to Article…
When the life cycle of a business entity comes to an end for one reason or another, owners and managers are faced with the question of how to legally terminate its operations. Bulgarian legislation provides for two main alternative procedures for the deletion of a company from the Commercial Register and…
The upcoming adoption of the Euro in the Republic of Bulgaria will impose substantial changes in commercial turnover, labeling and price indication, and the accounting reporting of merchants. The special rules in this regard are contained in the Law on the Introduction of the Euro in the Republic of Bulgaria...
Disputes are an inevitable part of doing business. Moreover, disputes in commercial practice are no exception; on the contrary, they arise daily and at every stage of business activity. A dispute may arise in the course of negotiations...
Introduction When starting a business and forming a company, entrepreneurs often overlook the need to regulate their internal relations in detail, relying instead on the assumption that goodwill and smooth communication between them will remain constant. Experience, however, shows that disputes between shareholders arise frequently…
The European Commission is preparing a comprehensive regulatory reform aimed at significantly expanding the powers of the European Securities and Markets Authority (ESMA). The new framework seeks to enhance oversight of the crypto market within the European Union, including the direct supervision of major cross-border crypto exchanges and crypto-asset service providers…
The Ministry of Finance published on 3 November 2025 the draft Bill on the State Budget of the Republic of Bulgaria for 2026. The draft sets out the main financial parameters for the upcoming fiscal year, including the revenue and expenditure policies of the State, as well as the priorities in the public sector for the forthcoming budgetary period...
On August 1, 2025, significant amendments to the International Commercial Arbitration Act, now renamed the Arbitration Act, were promulgated. The reform aims to increase transparency and trust in arbitration proceedings in Bulgaria, introduce stricter requirements for arbitrators...
Effective January 1, 2026, Bulgaria will adopt the euro as its official currency. This significant legislative reform presents both opportunities and obligations for businesses. Among the key issues addressed by the Euro Introduction Act (“EIA”) is the procedure for conversion of the capital of joint-stock companies (AD) and limited liability companies (OOD)...
