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Our latest thinking on the issues that matter most in business and management.

Bulgaria to officially adopt the euro in six months

As of 1 January 2026, retailers must be ready to accept both EUR and BGN as payment currencies and return change in EUR in case of cash payments.

Employment contract vs. civil contract – what clauses should not be included in a civil contract?

Franchising: the path to having your own business with less risk and more opportunities

Purchasing real estate – what to look out for

Employment contract vs. civil contract – six key differences

The question of the differences between an employment contract and a civil contract often arises in practice. Below we provide a brief overview of the main differences between the two contracts.

Rositsa Vasileva

Legislative changes for ESG compliance: What does it mean for Bulgarian companies?

Pursuant to the new amendments to the Accounting Act, large companies will also have to disclose non-financial information in their annual reports. This includes reporting on their ESG aspects along with the traditional financial reporting

Ana-Mari Eremieva

End of the "mothers only" era in childcare: Fathers are now also entitled to parental leave

In 2022, a new type of paid leave in favour of the father for childcare until the child’s attainment of 8 years of age has been introduced in the Labour Code (Art. 164c). This is an individual right of the father (the adoptive father), which reflects the European measures to achieve equality between parents in balancing work and family life, including in raising a child. Below, we briefly discuss the more important specifics and some practical issues related to the use of the new type of leave.

Rositsa Vasileva

A new liquidation procedure introduced in Bulgarian legislation

The Amendments to the Commercial Act have been finally adopted, introducing the so-called Fast-Track Liquidation Procedure. It aims to speed up the liquidation procedure for companies that meet the legal requirements and to ensure cooperation between state authorities in relation to the exchange of information.

Top tips for employing people in Bulgaria

Rositsa Vasileva summarizes into digestible bullet points what you should know if you want to employ people in Bulgaria

Rositsa Vasileva

Euro in Bulgaria - 7 Things You Need to Know

The adoption of the Introduction of Euro into the Republic of Bulgaria Act prior to the issuance of the Decision of the Council of the European Union enables businesses to align their processes and organise their operations in a timely manner

DPC Shorts: Ivan Alexander Manev on the change in taxation of crypto transactions

Taxes on individuals trading cryptocurrency reduced by legislative amendment

Ivan Alexander Manev

DPC Shorts: Ivan Alexander Manev with some good VAT-related news for small business

From 1 January 2025, the VAT registration threshold for Bulgarian companies is raised to BGN 166,000.

Ivan Alexander Manev

Problems with easements under the Energy Act impede investors and delay RES projects

There is a need for refinement of municipal practice and in some cases - legal changes

Financial support for micro, small and medium enterprises in the field of intellectual property

In December 2020 the European Union Intellectual Property Office (EUIPO) established the Ideas Powered for Business SME Fund for the provision of financial support to small and medium-sized enterprises (SMEs) that wish to develop their strategies in the field of intellectual property and to protect their rights at national, regional and European Union level.

February 24, 2021

The Audio-Visual Media Services Directive already implemented in the local Radio and Television Act

On 22 December 2020, a new Act for amendment and supplement to the Radio and Television Act was promulgated in the State Gazette and entered into force on the same day. With the amendments, Bulgaria has finally transposed Directive (EU) 2018/1808

Nikola Stoychev

February 17, 2021

DPC’S IP Practice ranked high by WTR1000

The IP team of DPC retains its silver position in the annual ranking of World Trademark Review (WTR) 1000 - the only independent guide dedicated to identifying the world's leading trademark professionals.

February 9, 2021

2021 - Amendments to the VAT Act

At the end of 2020, amendments to the Value Added Tax Act (VATA) were published in the State Gazette. The amendments transpose 2 European directives on e-commerce and distance selling of goods to consumers established on the territory of the EU. Important amendments to the act were made in connection with the expiry of the Brexit transitional period. Our tax law experts Boyana Milcheva and Ivan Alexander Manev review the changes in brief.

Ivan Alexander Manev

February 2, 2021

Acquiring Property in Bulgaria After Brexit

The withdrawal of the United Kingdom (UK) from the European Union (EU) has had an impact on the regime and the possibility of British nationals to acquire ownership of property in Bulgaria.

Alexander Todorov

January 13, 2021

2021 – Amendments to Tax Legislation Regarding Natural Persons and Corporate Income Tax

At the end of 2020, amendments to the Income Taxes on Natural Persons Act (ITNPA) and the Corporate Income Tax Act (CITA) were promulgated in the State Gazette.

Boyana Milcheva

Martin Zahariev trained trainers under GDPR during the first workshop under the PROLEGIS project

The workshop was organised following train-the-trainer approach.

Metodi Baykushev – speaker at the V Allerhand dispute resolution and ADR summit in Krakow, Poland

Metodi commented the latest caselaw of the Bulgarian Supreme Court on enforcement

DPC earns recertification in Meritas, a global alliance of independent law firms

For yet another year Dimitrov, Petrov & Co. Law Firm excels and earns recertification in Meritas

New adequacy decision for safe and trusted EU-US data flows

As a consequence of the new decision personal data can flow from the EU to US companies participating in the Framework without additional data protection safeguards.

Desislava Krusteva

The balance between freedom of expression and data protection

The balance between the right to freedom of expression and information and the right to data protection has been the center of discussion for quite some time now, especially in the context of journalistic activities. As both rights are not absolute, the question is – which right overrules the other?

Personal Data Protection in the Context of Assignment of Receivables (Cession) Agreement

Pursuant to the assignment of receivables agreement the creditor under a certain receivable assigns it to a third party. As the assignment procedure involves the processing of personal data of a third party – a debtor that is not a party to the agreement, a thorough examination of the personal data protection rules and their applicability to the assignment of receivables is required.

CJEU Invalidates EU-US Privacy Shield, but Considers the Standard Contractual Clauses Valid?

On 16 July 2020 the Court of Justice of the European Union issued a preliminary ruling with significant importance regarding the instruments for transfer of personal data outside the EU to the so called “third countries”, in particular to the US.

Prof. Martin Zahariev, PhD

December 3, 2020

The European Data Protection Board issued new guidelines on the concepts of data controller and data processor

Оn September 2, 2020 the the EDPB issued Guidelines on the interpretation of the concepts of data controller, joint controller and data processor, providing clarifications and detailed guidance, throughout useful examples, in order to ensure consistent and harmonised approach within the EU and the EEA.

November 17, 2021

New standard contractual clauses under GDPR adopted by the EU Commission

On 04 June 2021 the European Commission issued two sets of standard contractual clauses (SCC) under the General Data Protection Regulation (GDPR): 1. SCC for the transfer of personal data to third countries (below “New Transfer SCC”); and 2. SCC between controllers and processors within EU (below “Controller-Processor SCC”).

Desislava Krusteva

Hristo Nihrizov, Partner at DPC, gave an interview with Radio Plovdiv

Тhe bill on the amendment and supplement to the Personal Data Protection Act, which is to be adopted in the coming months, was also discussed

Martin Zahariev guest in the morning block of TV EUROPE “EUROPE MORNING”

He presented his opinion on the new dating service of Facebook, the Cambridge Analytica scandal...

Desislava Krusteva is now a certified information privacy manager

The newly-acquired certificate is the second one that IAPP has conferred on Ms. Krusteva.

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