Category archives: Central & Eastern Europe

An improvement in the liquidity of banks, as well as the need for an additional injection of money, became crucial for Ukrainian banks in the aftermath of the recent global financial crisis. An Increase in the number of non-performing loans (NPLs) negatively impacted the overall liquidity of Ukrainian banks by forcing them to hold mandatory ...

An E&Y report providing investors and entreprneurs with useful information and tips about doing business in Bulgaria.

Government structure

Bulgaria is a parliamentary republic headed by a President. The legal system of the Republic of Bulgaria is structured under the supremacy of the Constitution, adopted in July 1991.

The President is directly elected fora ...

Guide on how to successfully carry out multi-jurisdictional mergers and acquisitions in Central, Southern and Eastern Europe, kindly provided to us by Wolf Theiss, the leading law firm in Central and Eastern and Southeastern Europe.

After advising a client on merging a group of companies across a number of countries, we realised there was a ...

Please find below a recent market report by Ernst & Young on the media and entertainment landscape in the emerging markets of Brazil, Russia, India and China. The report provides an overview of the latest indicators of market attractiveness, as well as the opportunities, challenges and critical success factors in conducting business in these four countries ...

If you are considering an equity transaction in the Czech Republic, make sure to get yourself familiar with the regulatory requirements towards Mergers and Acquisions (M&A) in the country, as summarized by our partners at Wolff Theiss in the following report. The publication is part of a wider session including information on M&A ...

The 14 jurisdictions of Central, Eastern and South-Eastern Europe (CEE and SEE), where Wolf Theiss concentrates its energies, are equally divided between seven members of the EU (Austria, Bulgaria, Czech Republic, Hungary, Romania, Slovakia and Slovenia), and seven members of the Energy Community, established by the Energy Community Treaty in October 2005 (Albania, Bosnia and ...

Last year saw an increase in legislative activities concerning competition law in several central and eastern European (CEE)and south-east European (SEE) countries. The non-EU member countries in the region continue to harmonise their competition law regimes with international standards applicable in most jurisdictions in the EU. This should facilitate the competition law assessment for ...

Expectedly, the largest economies in terms of production and consumption in SEE have a significant presence in the ranking of the oil and gas companies: Romania and Bulgaria – with six and five representatives respectively, Serbia and Slovenia – three each, Croatia –two, Macedonia - one. Interestingly, Macedonia’s sole crude oil refinery Okta AD ranked 16th with ...

Tax disputes

Interaction with the tax authorities is an essential part of business operations in Russia. Our survey results from this year and previous years show that businesses should consider it a given that they will ultimately have tax disputes with the authorities and, therefore, they should be prepared to manage them.

Almost 72% of ...

Key Trends in SEE telecommunications sector in 2009:

• Growth of revenue in the telecommunications sector, which includes fixed and mobile telephony, and increase in the provision of internet services and cable television;
• Drop in revenue and lower penetration of fixed-line telephony in most countries;
• Growth of revenue and increase in mobile telephony penetration;
• Rise in ...