Turunc Managing Partner Kerem Turunc discusses the upcoming 2025 CEE Legal Matters Turkiye General Counsel Summit due to take place in Istanbul on November 4, 2025.

The integrity of on-site inspections remains a cornerstone of effective competition law enforcement. The Turkish Competition Authority (TCA)’s decision to impose a record-breaking fine on BIM Birlesik Magazalar A.S. (BIM), one of Turkiye’s largest retail chains, has drawn considerable attention from international businesses and the legal community.

Bulgaria’s renewable energy sector has seen significant growth in recent years. In 2024, almost 1 gigawatt of new renewable energy capacity was connected to the grid, predominantly from solar energy. Notably, no new wind farms have been commissioned since 2012, primarily due to administrative barriers and local opposition. However, investor interest remains high, especially in the southern and northwestern regions. Projects like the 238-megawatt Tenevo hybrid solar plant in Yambol, which plans to integrate a solar park, wind turbines, and energy storage, exemplify this trend.

The contemporary European market witnesses a large number of highly operational business models that target European consumers and are, simultaneously, managed outside the European Union. There are businesses whose central administration or decision-making hubs are not established in any EU member state. Some of them neither control nor process data of their consumers within the EU. At the same time, some of these businesses are also subject to strict and enforceable international regulations in addition to the applicable EU legislation.

Bulgaria’s Technology, Media, and Telecommunications (TMT) sector is continuing its steady and dynamic growth, reflecting the country’s ongoing digital transformation and its increasing role as a regional technology hub.

The first half of 2025 in Bulgaria’s corporate and M&A landscape has been characterized by a modest start amidst global economic and political uncertainties. Many export-oriented industries faced a challenging 2024, impacting the financial projections of potential targets. However, the outlook remains largely positive, fueled by major upcoming developments.

Bulgaria’s energy sector has been undergoing deep and rapid reforms. The combination of the effects of the war in Ukraine and the related sanctions, the European Green Deal and the rapid decrease of investment costs for renewables, the commitments for a coal-free future, and the neighboring discoveries of natural gas in the Black Sea – all combined with the unprecedented support for nuclear energy – is putting Bulgaria on the global investment map.