News from Bulgaria

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Penkov, Markov & Partners is about to successfully complete the largest energy deal in the last 10 years

11 February 2021

The amount of the minimum insurance income as well as the amount of the contributions to some of the social security funds have been changed

20 January 2021

The litigation team in Penkov, Markov and partners law firm has won at third court instance further court proceedings from the series of law suits against the Republic of Bulgaria for reimbursement of the 20% fee, withheld from the RES producers and announced after that for unconstitutional.

12 January 2021

On 27.05.2020 the Bulgarian Parliament has adopted on second reading the provisions of the new Food Law.

03 June 2020

The Bulgarian Parliament adopted material changes in CPC aiming to create additional guarantees for the consumers in cases of court procedures initiated against them by traders and banks.

25 February 2020

It is expected that by the end of this month the Draft Amendments to the Measures Against Money Laundering Act will have passed first session, which will introduce further new regulations to the Bulgarian legislative framework.

23 July 2019

10 June 2019

The choice between Bulgaria and Turkey for the new Volkswagen factory

German agency Deutsche Presse-Agentur (DPA) has provided information on the selection of country to build the construction of a new factory of Volkswagen. It's about the car factory where the conventional models of Skoda and Seat will be used.

10 June 2019

25 july 2018

The Personal Data Protection Commission has issued an opinion on cases where no consent is needed for the collection and processing of personal data

The direct application of Regulation (EU) 2016/679 ("General Data Protection Regulation", "GDPR"), which has fundamentally amended the regulation on the personal data processing and protection, has began as of 25.05.2018...

25 July 2018

29 mar 2018

The National Assembly has adopted the long-awaited Measures Against Money Laundering Act

The National Assembly of the Republic of Bulgaria adopted at a second reading the new Measures Against Money Laundering Act (MAMLA) which implements the requirements of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes o

29 March 2018

06 dec 2017

The biggest real estate transaction of the year

Once the Commission for Protection of Competition authorized the business concentration, a final agreement for the transfer of 100% of the capital of "Bulfeld" Ltd. - the company which owns the Paradise Center, was signed on the 1st of December 2017...

06 December 2017

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