Bulgaria’s legal and business landscape is currently being shaped by a combination of major defense-sector projects and sweeping regulatory adjustments, according to Gugushev & Partners Senior Partner Antoniya Markova, who highlights how a simultaneous push toward defense modernization, euro adoption, and AI-related reforms is creating a dynamic period for policymakers and market participants.

CMS has advised DSK Bank and OTP Bank on the financing of a renewable energy development near Dimitrovgrad, Bulgaria. Trichkov & Partners reportedly advised the unidentified counterparty.

Schoenherr has advised the shareholders of EuShipments.com on the sale of a 70% stake in the company to Austrian Post. Wolf Theiss reportedly advised Austrian Post.

The deadline for choosing a waste collection fee regime for 2026 is from 1 October to 30 November 2025.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Dinova Rusev & Partners has announced a firm-wide rebranding, adopting the new name DRP.

Nearly two years after the Digital Services Act (“DSA”) became applicable across the EU and amidst discussions on the “Digital Omnibus” simplification package announced by the European Commission, Bulgaria has finally aligned its national framework with DSA provisions.

CMS has advised Waracle on its acquisition of Bulgarian software development company HackSoft. Dimitrov Petrov & Co advised HackSoft.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around, we asked: What is the one most time-consuming administrative task for you as a Managing Partner, and what, if anything, have you done to try to minimize time spent on it?

A comprehensive Bulgarian close-out netting law was promulgated on August 15, 2025. It is structured as an amendment and supplement to the Financial Collateral Arrangements Act (Amendment), which transposed the EU Financial Collateral Directive 2002/47/EC (FCD) in Bulgaria. To reflect its broader scope, the title of the act was also changed to the Financial Collateral and Close-out Netting Arrangements Act (Act).

Tokushev & Partners has advised Capital Investments Fund on its investment in Evrotrust. DGKV advised the lead investor, 3TS.

Tokushev & Partners has advised Bravo Home on its licensing and initial public offering as a joint-stock company with a special investment purpose for real estate securitization in Bulgaria.

Eversheds Sutherland Bulgarian member firm Tsvetkova Bebov & Partners has advised TBI Bank on the issuance of its fifth series of MREL notes. 

Significant amendments to the Bulgarian Competition Protection Act ("CPA") have recently entered into force, marking a substantial evolution in the country's competition law framework. These reforms are designed to address contemporary competition challenges, align Bulgarian law with European Union standards, and enhance the enforcement capabilities of the Commission on Protection of Competition (the "CPC").

Recent amendments of the Bulgarian Energy Act (EA) are changing the terms of payment for the annual licence fee in the energy sector. Previously, the annual licence fee was payable in two installments – by 31 March and by 30 November for every year following the year that the licence was issued.

CMS has advised Geosolar Kamenyak on putting the 75-megawatt Kamenyak PV project into operation and obtaining permission for it from the Bulgarian Energy and Water Regulatory Commission. 

On 7 November 2025, entered into force significant amendments of the Bulgarian Competition Protection Act (“BCPA”), expanding the powers and tools of the Commission on Protection of Competition (“CPC”). The reform is intended to bring national legislation in line with the recommendations of the OECD Competition Committee within the context of Bulgaria’s accession process to the organization and to remedy existing gaps in the BCPA.

CMS has advised DSK Bank on a project-financing package exceeding EUR 160 million for three battery energy storage system projects in Bulgaria.