As of 1 January 2026, Bulgaria adopted the euro as its official currency. All Bulgarian companies are required to update their corporate documents to reflect their share capital and the nominal value per share in EUR by 31 December 2026.

Bulgaria is currently embroiled in a scandal involving unauthorized video surveillance footage from laser hair removal procedures. The footage has reportedly surfaced on adult websites globally. A similar case was subsequently uncovered within a gynecological practice. Beyond the ethical outrage and the trauma inflicted upon the victims, these incidents reveal a complex matrix of violations across administrative, civil, and criminal law - further complicated by the nuances of special categories of data and EU data protection legislation.

CMS has advised on the completion and commissioning of the final stage of the Aratiden renewable energy project in Bulgaria, comprising a 130-megawatt-peak photovoltaic power plant and an 81-megawatt-hour battery energy storage system.

Schoenherr has advised Raiffeisen Bank International and UniCredit Bulbank as lenders on the project financing of a battery energy storage system to be developed in Bulgaria as part of the Verila Solar Park 2 project.

Bulgaria has adopted a fully redesigned collective redress and representative action framework, implementing Directive (EU) 2020/1828 and modifying both the Consumer Protection Act (CPA) and the Civil Procedure Code (CPC).

Boyanov & Co, working with DLA Piper, has advised Eurobank, Eurobank Bulgaria, and Eurobank Private Bank Luxembourg on the financing of Fraport Twin Star Airport Management, the concessionaire of the civil airports in Varna and Burgas.

Boyanov & Co has advised ContourGlobal Maritsa East 3 on financing of a 500-megawatt-hour standalone battery energy storage system to be constructed on part of the site of the Maritsa East 3 Thermal Power Plant. DGKV advised DSK Bank as the lender.

Boyanov & Co has advised UniCredit Bulbank and Eurobank Bulgaria on a syndicated financing for the construction of a 200-megawatt-hour standalone battery energy storage system located near Stara Zagora.

CMS has advised Verila Solar Park 2 on approximately EUR 63 million in project financing from Raiffeisen Bank International and UniCredit Bulbank for the development of a battery energy storage system in Bulgaria. Schoenherr advised the lenders.

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.

PRK Partners Partner Radan Kubr, ACI Partners Senior Associate Doina Doga, Schoenherr Bulgaria Co-Head of Competition Yoana Strateva, Tuca Zbarcea & Asociatii Partner and Head of Competition & Antitrust Raluca Vasilache, Zornada Law Office Attorney at Law Ivan Zornada, and DLA Piper Hungary Country Managing Partner Andras Posztl explore how, respectively, the Czech Republic, Moldova, Bulgaria, Romania, Croatia, and Hungary approach foreign investment screening: the differences in strictness, the sectors regulators watch most closely, the impact on deals, and the practical challenges investors run into on the ground.

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: With autumn being a peak conference period, what are your annual “cannot miss” conferences during the fall season and why?

Kinstellar has advised TSH Investment on the acquisition of Mall Plovdiv from Avestus Capital Partners. CMS advised the sellers.

A “digital nomad” is a person who works remotely using technology and combines this with travel and living in different parts of the world. Despite the decline in the remote work trend, digital nomads remain an increasing group of highly mobile experts. Up until now digital nomads could reside in Bulgaria only on short-term basis (90 days every 180 days) which is no longer the case.

CMS has advised Green for Growth Fund on a minority stake acquisition and related debt investment in a Ukrainian company holding the project rights for the development, construction, and operation of a solar power plant in Ukraine.

Kinstellar has advised Enery on its acquisition of a battery electricity storage system project in Bulgaria with a total installed energy capacity of 600-megawatt-hours from Most Energy. Wolf Theiss advised Most Energy.

Djingov, Gouginski, Kyutchukov & Velichkov has promoted Ivan Punev to Partner and Nikolai Gouginski to Co-Managing Partner of the firm, alongside Zdravka Ugrinova.

Public procurement in Bulgaria has long been a battlefield between the necessity for competitive transparency and the persistent shadow of concerted practices. Among the various grounds for exclusion of economic operators, bid rigging presents a unique legal challenge. Under the Bulgarian Public Procurement Act (PPA), the intersection of antitrust findings by the Commission for Protection of Competition (CPC) and the procurement process creates a complex landscape where the concept of "self-cleaning" becomes the only lifeline for businesses seeking to maintain their market presence.