NEWS & PUBLICATIONS
Here you can find our latest publications and news that you can find helpful for your business.
Find out our selection of news and publications related to Bulgarian law and legal practice.
See our publications on current legal issues, legislative amendments and court practice in Bulgaria.
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 days of its work, the 48th National Assembly managed to adopt several changes that affect the access of such highly qualified foreigners to the Bulgarian labor market*. The access to the labor market for highly qualified foreigners has
Employers 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 effect of specific provisions of the 2022 budget laws until the adoption of their analogues for 2023 enters into force* (Act on implementation of the provisions of the 2022 State Budget of the Republic of Bulgaria Act, 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 for the new production and research & development site aims to expand the company’s capacity to produce and create new and modern pharmaceutical products. The amount of the investment is worth 3.6 million euros and includes equipping the
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 was revoked, in part, due to a recent decision of the Bulgarian Constitutional Court that ruled against it as non-proportionate and unjustified with respect to certain urban real estate of the state and municipalities. When the new democratic
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 resolved, the sanctions are likely to expand even further. While the sanctions are yet to result in cease-fire, the immediate collateral effect on entrepreneurs outside Russia and Belarus and their ongoing transactions in these countries is already tangible:
COVID-19: Public gatherings for non-vaccinated restricted in Bulgaria as of 21 October 2021
New restrictions on public gathering in Bulgaria are in force as of 21 October 2021 as the 4th wave of the COVID-19 pandemic expands to the levels of the spring of 2020. They are imposed by an order of the Minister of Health within the frame of the state of epidemic emergency declared earlier in the fall and in force until the end of November 2021. Along with the already known measures to limit the epidemic, the authorities expand the requirement to present a green certificate for participation in activities related to gathering
