Bulgaria Joined Schengen
April 1st, 2024, stands as a day of great significance in Bulgaria’s history as the country formally joins the Schengen Zone, opening a new chapter of increased mobility, economic growth, and stronger bonds within the European Union. This long-awaited accession is the result of Bulgaria's unwavering commitment [...]
The EU Court allowed foreigners to buy agricultural land in Bulgaria
Seventeen years after joining the EU, the court in Luxembourg lifted the restriction on EU citizens acquiring agricultural land in Bulgaria. The restrictions were supposed to be lifted back in 2014, but instead, with changes to the Law on Ownership and Use of Agricultural Lands (LOUAL) and [...]
Bulgaria Joins Schengen 2024
In a historic move that marks a significant milestone for Bulgaria and the European Union, Bulgaria is set to join the Schengen Zone on April 1st. This accession is a testament to the nation's steadfast commitment to European integration and its adherence to the stringent criteria set [...]
Unfair Competition – Keti 94 OOD v Kaufland Bulgaria EOOD
Advocate Markov’s expertise played a significant role in proving Kaufland Bulgaria’s unfair competition practices and ultimately winning the case. Markov’s brilliant work was crucial to the successful outcome of the legal battle. “Kaufland Bulgaria” has been ordered to pay a fine of BGN 343,417 ($196,300) by the [...]
Bulgaria AIF – Fund JSC
Advocate Markov assisted in the establishment of Bulgaria AIF - Fund JSC, the first Bulgaria Golden Visa Fund in Bulgaria. He also contributed significantly to the formation of its management entity, Bulgaria Fund Management Ltd. The MAIF has been duly approved by the Financial Supervisory Commission to [...]
SMP Solutions, Hungary acquiring DSK Bank subsidiary TranSecurity
In a significant move within the banking and financial security sector, SMP Solutions, Hungary, has recently acquired TranSecurity, a subsidiary of the renowned DSK Bank. This acquisition highlights SMP Solutions' strategic expansion and its commitment to enhancing financial security services. Background of the Entities Involved SMP Solutions, [...]
