After Bulgaria becomes EU member, control over larger mergers and acquisitions will be exercised by two institutions. One of them is the Bulgarian Commission for the Protection of Competition (CPC) and the second, the competition directorate of the European Commission.

Smaller processes that do not affect the common European market will be under the surveillance of local regulatory bodies, Capital weekly reported.

Brussels will monitor the execution of mergers and company transactions with importance for the entire European community. Such deals have a total turnover of all parties involved above five billion euro.

The EC also monitors all processes in two economic sectors, metallurgy and coal production.

The CPC can request European inspection of deals that affect trade between EU member states and that can affect competitiveness. At the same time the EC can delegate monitoring of any deal to the local regulatory organ.

Currently permission for the execution of a deal is needed only from the CPC. CPC has not rejected a concentration deal so far, but it has imposed limitations on various transactions.