Zarena Factory: Sale of Medical Masks

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 […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Newsletter August 2020

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 […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Financial support of the micro, small and medium-sized enterprises (SMEs) affected by the COVID-19

The Government of the Republic of Bulgaria has approved the Portfolio Guarantee Program to support the liquidity of micro, small and medium-sized enterprises (SMEs) affected by the COVID-19. The implementation of the Program is entrusted to the Bulgarian Development Bank AD, which has already signed agreements with the first four credit institutions that begin work […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Extension of deadlines for reporting and payment of corporate and personal income tax

The Law on Measures and Actions during the State of Emergency, announced by a decision of the National Assembly as of March 13, 2020, promulgated in the State Gazette, issue 28 of 24.03.2020, introduced extended deadlines for declaring and paying the various types of taxes. The 2019 annual reporting on corporate income tax, expenses tax, […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Amendments to the Law on the Commercial Register and the Register of Non-Profit Legal Entities

At the end of April 2020, the National Assembly of Bulgaria adopted amendments to the Law on the Commercial Register and the Register of Non-Profit Legal Entities (hereinafter only the Law or LCRRNPLE). The amendments to the Law aim on the one hand to reduce the administrative burden for businesses and on the other hand […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Employers’ Compensations

On 1 April 2020 in the State Gazette was published Ordinance № 55 laying down the conditions and procedure for payment of compensation to employers in order to preserve the number of employees in the period of state of emergency, announced by a decision of the National Assembly of 13 March 2020 (hereinafter referred to as Ordinance № 55). Two weeks after the […]

Nina BotevaFounding Partner, Nina Boteva Law Office

Standstill Period Concerning The Monetary And Non-Monetary Consequences Of Covid-19

As of 13 March 2020, the Bulgarian Parliament enacted the State of Emergency Act and declared a state of national emergency, initially set to last a month and subsequently extended by amendments to the act as of 9 April (“Amended Act”), to end on 13 May 2020. In compliance with the law, the Bulgarian government […]

Nina BotevaFounding Partner, Nina Boteva Law Office