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CMS Advises EKO Bulgaria on EUR 51 Million Framework Agreement with Ministry of Finance

CMS Advises EKO Bulgaria on EUR 51 Million Framework Agreement with Ministry of Finance

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CMS has advised Hellenic Petroleum Group subsidiary EKO Bulgaria in the EUR 51 million public procurement process organized by the Bulgarian Ministry of Finance for the delivery of fuel needed by the administration entities under its executive purview.

According to CMS, "the tender process resulted in the parties entering into a EUR 51 million framework agreement, which encompasses the delivery of fuel to meet the operational requirements of all state administration entities under the executive purview of the Ministry."

EKO Bulgaria entered the Bulgarian market in July 2002 as part of the Hellenic Petroleum Group, an industrial and commercial corporation in Greece and a player in the energy sector in Southeast Europe. EKO Bulgaria operates a chain of 95 petrol stations in the country.

EKO Bulgaria will fulfill its contractual obligations by issuing cashless payment cards to the Ministry of Finance and its associated executive authorities, the firm reported. "The specific quantities procured during the framework agreement's implementation period will be contingent on the current needs of the respective administrations, in accordance with their budgetary constraints."

The CMS team included Managing Partner Kostadin Sirleshtov and Associate Diyan Georgiev.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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