Insights

Regional Legal News Q1-2018

The SELA regional newsletter features an overview of the most important regional legislative developments recently announced in the jurisdictions of SELA coverage. Many of the changes recently implemented impact the regions ability to attract foreign investments and related to tax, customs and other investment incentives, illustrating just how strategically important the governing bodies of the region see foreign investment.

AlbaniaLaw on Tourism One of the key strategic initiatives of the government of Albania is to further develop the country’s tourism sector. In line with this objective, the Albanian Parliament amended the Law on Tourism on 18 December 2017, providing for the definitions of “4 and 5-star hotels / ...
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Bulgarian Competition Watchdog to Launch a Sector Inquiry into the Banking Sector

With a decision of March 1, 2018 the Bulgarian competition authority has launched a sector inquiry into the market of banking services provided by the members of the Association of Banks in Bulgaria. The last analysis of the banking market by the Commission for Protection of Competition was performed almost 10 years ago in 2008.

Announcement on the website of the Commission reads that it has conducted an overview of the current interest rates, fees and commissions published on the websites of the banks – members of the Association of Banks in Bulgaria, and applied thereby in the provision of services to clients. The ...
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