Amendments to the Regulations for the Implementation of the Investment Promotion Act („RIIPA“) were published in the State Gazette No. 59 dated 22.07.2025, which practically initiate the application of a new screening regime applicable to foreign direct investments in Bulgaria. The amendments entered into force on 22.07.2025. The amendments in the RIIPA are mostly related […]
A Law amending and supplementing the Labour Code was promulgated in the State Gazette, No. 85 of 10.10.2023, introducing an electronic employment record (electronic labour book) as well as an employment register. The amendments shall enter into force on 1 June 2025. They digitise the employment record book, which will remove the administrative difficulties for […]
In State Gazette No. 17 of 28.02.2025, an Act amending the Accountancy Act was promulgated, postponing by one year the introduction of the new requirements for non-financial reporting of companies, introduced with the amendments to the Accountancy Act (SG, No. 72/2024, entered into force on 06.07.2024). The main reasons for the adoption of the Act […]
In State Gazette No. 14 of 18.02.2025, an Ordinance amending and supplementing Ordinance No. 1 of 2004 on the minimum remunerations of attorneys (the “Ordinance”) was published. The amendments to the Ordinance are dictated by the Decision of 25.01.2024 in case C-438/2022 of the CJEU, according to which there may be no restriction on the […]
On 29.03.2024 an Act amending and supplementing the Labour Code was promulgated in the State Gazette No 27. The changes entered into force on 01.04.2024. In this article is summarising the most important changes. Requirements for the content of the employment contract in case of remote work In addition to the essential elements of the […]
We are pleased to share with all our clients that Nikolov & Partners Lawyers’ Partnership has been successfully certified with ISO 9001:2015 accreditation by one of the world’s leading assessment auditors – Lloyd’s Register. The successful accreditation process has confirmed that our law firm’s quality management systems are designed and operated in a way enabling […]
According to the current legal provisions only new power plants which correspond to the below -mentioned requirements could benefit from the compulsory purchase of electricity at preferential prices. These are power plants with combined cycle and indirect use of biomass which shall be constructed in urbanized territories, agricultural sites and production area and: having installed […]
Since the five – member jury of the Supreme Administrative Court left without consideration the appeals filed by the majority shareholders in Corporate Commercial Bank against the decision of the Bulgarian National Bank to withdraw the banking license, the bankruptcy court proceedings were resumed. In the last day of the statutory seven-day term the court […]
A three-member jury of the Supreme Administrative Court left without consideration the appeals filed by the majority shareholders in Corporate Commercial Bank. The court stated that the shareholders did not have any direct interest in appealing the resolution of the Central Bank for withdrawal of the license since they were only indirectly affected by the […]
On 08.01.2015 at 10.00 am in the office of the State Energy and Water Regulatory Commission (SEWRC) public discussions shall be held on a report for amendment to preferential prices of electricity produced from biomass A working group within SEWRC has prepared a draft report, pursuant to which it suggests amendments to the effective preferential […]