| This was virtualy Level II of Bulgarian Football Championship. Played between 15 regional champions. | | Tournament played to find 2 new teams for State Division 1939-1940>. ZhSK Sofia earned promotion. | | Hadzhi Slavchev Pavlikeni was not promoted because 9th in State Division 1938-1939> Shipka Sofiq, retained its place after winning the Tzar's Cup. |
| Finals | | date | team 1 | score | team 2 | HT | | 03.09 | ZhSK Sofia | 7-2 | Hadzhi Slavchev Pavlikeni | --- |
| date | team 1 | score | team 2 | HT | | 20.08 | ZhSK Sofia | 7-0 | Levski Burgas | --- | | 27.08 | Hadzhi Slavchev Pavlikeni | 7-2 | Skobelev Pleven | --- | | initialy scheduled for 13.08 but Skobelev DNS. |
| date | team 1 | score | team 2 | HT | | 13.08 | Benkovski Pazardzhik | 0-3 | ZhSK Sofia | --- | | 06.08 | Levski Burgas | 7-3 | Borislav Parvomay | --- | | 06.08 | Skobelev Pleven | 3-1 | Knyaz Simeon Vidin | --- | | 06.08 | Napredak Ruse | 2-4 | Hadzhi Slavchev Pavlikeni | --- |
| date | team 1 | score | team 2 | HT | | 30.07 | Levski Dupnitsa | 0-1 | ZhSK Sofia | aet | | | Benkovski Pazardzhik | bye | | 30.07 | Levski Burgas | 2-0 | Drazhev Yambol | --- | | 30.07 | Borislav Parvomay | 4-1 | ZhSK Stara Zagora | --- | | 30.07 | Tsar Krum Byala Slatina | 0-1 | Knyaz Simeon Vidin | --- | | 30.07 | Sportklub Tryavna | 1-4 | Skobelev Pleven | --- | | 30.07 | Napredak Ruse | 8-1 | Han Omurtag Shumen | --- | | 30.07 | Hadzhi Slavchev Pavlikeni | 3-2 | Pobeda Varna | --- | | Replays |
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