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Bulgaria
Bulgaria
Schoenherr Attorneys at Law
As reported, last month the Bulgarian parliament adopted the final text of a bill to amend the Investment Promotion Act, implementing...
Eurofast
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.
Eurofast
An increasing number of savvy companies are setting their sights on Bulgaria's vibrant labor market, attracted by the diverse opportunities for growth and investment the country has to offer.
Eurofast
On February 16, 2024, the Bulgarian State Gazette published Ordinance No. H-1, issued on February 6, 2024, which delineates the requirements for inclusion in a Public Register administered...
Eurofast
In Bulgaria, the Trade Secrets Protection Act governs the safeguarding of confidential information. The Act defines trade secrets as information not generally known or easily accessible...
Kinstellar
A draft law amending the Electronic Communications Act was published for public consultation on 15 December 2023.
Eurofast
Insurance income, the basis for calculating state contributions, is undergoing a shift in 2024. The maximum insurance income, beyond which money is subjected to income tax rather than insurance...
Eurofast
In the dynamic landscape of 2023, Bulgaria underwent a remarkable metamorphosis in its insolvency proceedings due to game-changing amendments to the Commerce Law.
Eurofast
Employers who involve ongoing learners in their workforce exhibit a praiseworthy dedication to advancing both their industry and their workforce.
Eurofast
Shell companies have always held a mystique for entrepreneurs, offering a legitimate cover for various financial and business maneuvers. The European Union has been diligently working on regulatory...
Eurofast
Effective as of January 1, 2023, Bulgaria's Value Added Tax Act (VATA) was overhauled, introducing a comprehensive system for reducing VAT related to outstanding invoices.
Kinstellar
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...
Global Advertising Lawyers Alliance (GALA)
In the last decade, Bulgaria has joined the worldwide frenzy for craft beer. Dozens of small brewers have emerged, bringing new flavors, quality ingredients, techniques, and of course...
Eurofast
Starting in October 2023, managing your tax and social security payments to the Bulgarian National Revenue Agency (NRA) is about to get a whole lot easier.
Eurofast
According to labor legislation, when an employee/worker starts work for the first time, it is the employer who is obliged to provide one with a labor book within 5 days from the initiation of the employment.
Ius Laboris
Bulgaria has faced five parliamentary elections over the last two years resulting in an almost constant state of political uncertainty since March 2021.
European Union
Schoenherr Attorneys at Law
Note: The following is based on the final text of the bill on the amendment of the Investment Promotion Act as at the publication date and is subject to amendment pending the finalisation of the act.
Eurofast
The regulations governing the entry, stay, work, and departure of foreign nationals in Bulgaria hinge on their classification as either nationals of the European Union / European Economic Area...
Kinstellar
The EU Corporate Sustainability Reporting Directive (EU) 2022/2464 (the "CSRD") entered into force on 5 January 2023. From that date, the transposition clock has been ticking...
WTW
On September 4, a low-pressure system formed in the Black Sea, initially impacting Bulgaria before moving on to Greece and Türkiye. The system unleashed torrential rain over the island of Skiathos...
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