Nikolay Cvetanov
Managing Partner

Nikolay Cvetanov, Attorney-at-law, has significant practical experience in the fields of banking and finance, M&A and personal data protection.


He is the head of the specialized practice groups Data protection & Cybersecurity, IT, Media & Telecommunications and co-head of the Banking, Finance and Capital markets practice group.


He has a distinguished track record of lecturing in seminars, public speaking and moderating of events organized by legal training centers or in partnership with a number of chambers of commerce, among them – American Chamber of Commerce in Bulgaria, German-Bulgarian Industrial and Commerce Chamber, CCI France Bulgarie, Confindustria Bulgaria, Bulgarian Fintech Association.

Read more



• Risks for consumers when taking out a loan, interview for Nova TV, 2023

• Protecting borrowers' rights when taking out consumer credit, Bloomberg TV, 2020

• Digitalization is inevitable, but it will not displace the function of the good lawyer, Legal World magazine, 2019

• When is consent not necessary for processing personal data?, PM&P Legal News, Issue 39 - 40, 2019

• The leak of personal data from the NRA system does not increase the risk of fast loan fraud, interview for Horizont, 2019

• Fraud with other people's personal data in fast loans, interview for BTV, 2019

• Borrowing of loan with someone else's personal data, interview in Telegraf Newspaper, 2019

• Statutory default interest may lose its punitive effect, interview in Capital Newsletter, 2017

• Are there hidden pitfalls in fast loans, 2017

• The law of personal bankruptcy - to correct one mistake with another, interview in Capital Newsletter, 2015

• Changes in the credit law will have negative economic and social consequences, interview for Capital Daily, 2014

• The new legal framework related to the registration of a financial institution in Bulgaria, Lega InterConsult News, Issue 31-32, 2011

• Allocation of Liability in Commercial Companies, Lega InterConsult News, Issue 26-27, 2009

Read more


  • Education and professional experience

    Penkov, Markov & Partners, Managing Partner, since 2020

    Penkov, Markov and Partners - Attorney-at-law, 2008 – 2014; Junior Partner, 2014 - 2017; Partner, 2017 – 2020

    Sofia University St. Kliment Ohridski - Master in Law, 2007

  • Memberships

    Sofia Bar Association

    Member of the Managing Board of the American-Bulgarian Business Association, since 2023

    Deputy Chairman of the Managing BoardNational Association for out-of-court settlements, 2019

    Member of the Conciliation Commission at the Commission for Consumer Protection, 2016

    Chairman of the Association for Responsible Non-Bank Lending, since 2014

  • Languages