Changes to cross-border payment rules *

Bulgaria - January 17 2013
As of 1 March 2013, the information and documents to be provided when making a cross-border transfer will be subject to new rules. The cross-border…

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New foreign exchange rules *

Bulgaria - August 20 2012
From 14 August 2012, currency exchange ratios are only permitted to deviate by 5% (rather than the previous 20%) from the daily rates announced by the Bulgarian National Bank.

Co-authors: Borislava Piperkova.

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Bulgaria: pre-paid cards *

Bulgaria, European Union - August 15 2012
According to recent amendments under Bulgarian law, effective from 27 July 2012, the pre-paid cards have been expressly regulated as a type of payment instrument for carrying out payment transactions.

Co-authors: Borislava Piperkova.

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Changes to merger reporting requirements *

Bulgaria - February 17 2011
The reporting requirements on company mergers and demergers have been relaxed with effect from 31 December 2010.

Co-authors: Atanas Bangachev .

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Changes to insolvency procedure *

Bulgaria - February 17 2011
A number of changes have been made to insolvency procedure to remove various discrepancies and controversial practices.

Co-authors: Atanas Bangachev .

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