With Ordinance № RD-01-278 of 29 April 2021, the Minister of Health introduced new temporary anti-epidemic measures for entering into the territory of the Republic of Bulgaria, to be applied from 1 May 2021 to 31May 2021. From 1 May the entry into Bulgaria of persons arriving from India, Bangladesh, Brazil and countries and territories […]
On 12 March 2021, the amendments to the Measures against Money Laundering Act (MMLA) were published in the State Gazette. Legislative changes have amended the scope of the obligated subjects (legal entities and natural persons) that should implement measures against money laundering and terrorist financing. The above-pointed out obligated subjects under the MMLA are specified […]
The Law on Measures and Actions during the State of Emergency (announced by a decision of the National Assembly on 13 March 2020) was amended in mid-February 2021. First of all, the legislative changes concern the municipalities that have not repaid in time the interest-free loans provided to them by the central budget. In this […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
Why the latest directive on UBOs is critical to combat corporate crime When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, […]
Read moreThe Anti-Money Laundering Measures Act (AMLMA) was amended in January 2021. This Law determines the measures for prevention of the use of the financial system for the purposes of money laundering, as well as the organization and control over their implementation. The circle of the subjects, which are obliged to apply AMLMA in their activity, […]
At the end of 2020, the Bulgarian Parliament adopted significant changes to the Value Added Tax Act (VATA). The changes are related to the introduction of the requirements of Council Directive (EU) 2017/2455 of 5 December 2017 amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value-added tax obligations for supplies of services and distance […]
In mid-November, in the Bulgarian State Gazette was promulgated the Law on Amendments of The Civil Procedure Code (CPC) The latter amends not only the Civil Procedure Code, but also the Code of Administrative Procedure and the Code of Criminal Procedure. The purpose of the CPC is to outline the new legislation in regard to […]
Zarena Factory is a leading company in Bulgaria that provides sustainable high quality products at affordable prices. In this regard, Zarena is a manufacturer of two types of masks – Medical (Certified as Type IIR) and Hygiene (Certified as FFP1). The issued certification of the above-mentioned masks is subject to the requirements of the EC […]
ORDINANCE № 2 of 5 August 2020 on the implementation of measure 21 “Extraordinary temporary support for farmers and small and medium-sized enterprises, which are particularly affected by the crisis caused by COVID-19 of the Rural Development Program for the period 2014 – 2020” (hereinafter only the Ordinance) was published in the Bulgarian State Gazette […]
On 09.07.2020 the Bulgarian National Bank (BNB) approved the procedure for deferral and settlement of liabilities payable to banks and their subsidiaries – financial institutions in relation to the state of emergency enforced by the National assembly on 13 march 2020 as a result of the Covid-19 pandemic and its consequences (as stated on the […]
On 29 May 2020 a Bill supplementing the Personal Data Protection Act (the Bill) was presented to the Bulgarian Parliament for debate, directed against the so-called “fake news” in the electronic environment. At present, it is legally possible an anonymous person to publish information of unproven origin on a given website. In addition, there is […]
