It appears that a company will still be a requirement for some time more, until laws are brought into line with European norms. Not a high priority issue for the government, and nobody can give a definitive date as to when the situation may change. Any dates being trotted out are pure guesswork, there is not target date for this as yet. Certainly not in 2007 in any case.
Anybody who still doubts that this market is a disaster for investors should read the article in today's Sunday Times regarding one of the larger (and not the worst by any means) operators in the Bulgarian sector.