In recent years, Bulgaria has increasingly prioritized the development of energy storage infrastructure as part of its broader transition to a more sustainable and resilient energy system. With growing renewable energy capacity, particularly from solar and wind sources, the need for efficient storage solutions has become critical to balancing supply and demand.

Wolf Theiss has advised DSK Bank and OTP Bank on the EUR 88 million real estate financing of Bravo Sky. Lex Locus reportedly advised the borrowers.

Popov, Arnaudov & Partners has advised Bulgaria’s Ministry of Energy on the adoption of amendments to the Renewable Energy Sources Act, passed on May 14, 2025.

CMS has advised Aratiden on the development of a co-located battery storage project as well as on an EPC agreement with Optimal Energy Solutions JSC. Kirov and Bratuleva reportedly advised Optimal Energy Solutions JSC.

Schoenherr has advised Alstom Transport as consortium lead in securing and finalizing a EUR 720 million tender for the Bulgarian Ministry of Transport and Communications to supply 35 interregional electric trains along with 15 years of maintenance services.

Galya Gugusheva has joined Gugushev & Partners as a Senior Partner.

Big law firms can coast on boring slogans. They’ve got the clout, the infrastructure, and the impressive list of past clients to do the talking. But if you’re a smaller firm and your website sounds like everyone else’s, you are disappearing into the beige background of legal marketing noise.

Djingov, Gouginski, Kyutchukov & Velichkov, working with Linklaters, has advised joint lead managers Citigroup, ING Bank, J.P. Morgan, and UniCredit on the dual-tranche EUR 4 billion sovereign bond issuance by the Republic of Bulgaria under its EUR 27 billion global medium-term note program. At the same time, DGKV advised arrangers and dealers BNP Paribas, HSBC, and Societe Generale on the update of the Republic of Bulgaria’s GMTN Program to EUR 27 billion. Tsvetkova Bebov & Partners, member of Eversheds Sutherland, and Clifford Chance advised the Republic of Bulgaria.

Kinstellar and Potamitis Vekris, working alongside Milbank, have advised Advent on its acquisition of TBI Bank from 4finance Holding. Koutalidis, working with White & Case, advised 4finance Holding. Arendt reportedly advised Advent as well.

The European Accessibility Act (EAA), approved in 2019, takes effect on June 28, 2025. The Act requires a wide range of products and services – such as consumer electronics, vending machines, websites, and mobile apps – to meet accessibility standards for people with disabilities.

Following an amendment in the Bulgarian Labour Code in late 2023 which will enter into force on 1 June 2025, Bulgaria is moving towards the introduction of a unified electronic employment record. This change will affect all Bulgarian employers and their employees and bring an end to the issuance and maintenance of paper-based labour books.

What do you do when a private equity fund comes knocking on your door? Ask you out for a dinner to talk about your business?

PHH Attorneys at Law, working with Kambourov & Partners, has advised European growth investor RM Equity Partners on its acquisition of a majority stake in Carista.

CMS has advised Shell Exploration and Production 96 on winning the tender and concluding the prospecting and exploration agreement for Block 1-26 Han Tervel offshore Bulgaria.

CMS has advised Nikan Agro on the licensing process before the Bulgarian Energy and Water Regulatory Commission for its 50-megawatt Blatska photovoltaic project.

CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Litigation in CEE.

Contributed by Gugushev & Partners.

CMS has advised Geosolar Kamenyak on licensing for the 75-megawatt Kamenyak photovoltaic project by the Bulgarian Energy and Water Regulatory Commission.