In November 2025, Bulgaria adopted a new regulatory framework for the screening of foreign direct investments (FDI), in line with the EU Regulation establishing a framework for screening of foreign direct investments into the Union.
Key Aspects
- Mandatory notification for investments in critical sectors
- Review mechanism for transactions above certain thresholds
- Designated screening authority and review procedures
- Cooperation mechanism with the European Commission
Affected Sectors
The screening covers investments in critical infrastructure (energy, transport, communications), critical technologies (AI, semiconductors, cybersecurity), supply of critical inputs, access to sensitive information, and media freedom and pluralism.
Foreign investors should be aware of these new requirements when planning investments in Bulgaria. For detailed guidance, please contact our team.