Employer Alert: WHISTLE-BLOWER PROTECTION SYSTEM
Employers are required to implement an internal Whistleblower Protection System by 17 December 2023 according to the Bulgarian law implementing Directive (EU) 2019/1937.
Employer Alert: Regulatory changes facilitate the access to the labor market in Bulgaria for highly-qualified foreigners
Due to recent regulatory changes employers will be able to hire highly qualified foreigners from outside the EU more efficiently. This is good news for companies based in Bulgaria, especially those in the ever expanding IT sector where the demand for talents has been on the increase for the last several years. In the last […]
Employer Alert: amendments to the Bulgarian employment and social security law in effect as of January 2023
In anticipation of reaching a consensus on the adoption of the budget laws for 2023, the National Assembly took the necessary measures to ensure the operational activity of the state administration. The caretaker government, on its part, decreed an increase in the amount of the minimum wage. On 1 January 2023 a law extending the […]
Our team advises a pharmaceutical company on its investment in a new manufacturing and R&D site in Sofia
Adipharm EAD has been on the market for 25 years – currently, its range of products includes more than 100 medicines and food supplements distributed in 36 countries worldwide. Over the past few years, the company has continued to develop successfully despite the challenges through far-sighted management of its production and scientific activities. The project […]
Public real estate is no longer exempt of the prescription rule
The Bulgarian Constitutional Court rules against the moratorium on acquisition by prescription of certain state and municipal urban real estate For more than a decade acquisition by prescription of state and municipal real property in Bulgaria has been suspended with the pretext of protecting public interest. In March 2022, this exception of the property law […]
Sanctions related to the military conflict in Ukraine: The impact on foreign entrepreneurs and ongoing transactions
The economic sanctions imposed on Russia and Belarus by numerous countries are intended to stop the military conflict in Ukraine and avoid the use of military force by NATO and the USA. Russia has responded with a few sanctions on foreign companies and restrictions on transactions or payment in foreign currency. Until this conflict is […]
Bulgarian government announces the first slate of measures to mitigate COVID-19 crisis within the state of emergency
On 13 March 2020 the Bulgarian government announced a set of measures in response to the expanding COVID-19 epidemic in the country within the frame of the state of emergency proclaimed by the Parliament earlier on the same day. As expected, the kindergartens, schools and universities remain closed, public gatherings are banned and all entertainment […]
Court fee for review of objections under Art. 66 (6) of the Bank Bankruptcy Act: Is it really due?
This brief is to answer the following question, which has been subject to debate amongst court practitioners after the latest amendments of the Bank Bankruptcy Act (BBA): “Should a depositor owe court fee for filing of objection under Art. 66 (6) 6 BBA after the recent revision of the BBA promulgated in State Gazette issue […]
The Energy Regulator issues instructions for change of electricity supplier
The instructions become effective as of 1 April 2016 On 28 March 2016 the Energy and Water Regulatory Commission (Energy Regulator) issued instructions on the terms and conditions for electricity supplier switch for consumers whose property has a standardized consumption profile (i.e. household, non-household or street lights) and does not have smart electricity meters installed. […]
EU Blue Card
Entry and residence of highly qualified workers in Bulgaria EU Blue Card The preferential regime for highly qualified workers envisaged to improve the EU employment competitiveness is now fully implemented in Bulgaria Council Directive 2009/50/EC of 25 May 2009 on the conditions of entry and residence of third-country nationals for the purposes of highly qualified […]
