The team has participated once at the Olympic Winter Games. This happened in Innsbruck in 1976, when Bulgaria fell to the Czechoslovak team 14–1 in the first round. After a few more losses the team finished last in the tournament.
Historically, the team has played in the second highest level four times, with their highest placement being 14th in 1970. However, the only year that they ever earned promotion (by placing 1st or 2nd in Pool C) was in 1975, which also qualified them for the 1976 Olympics. The only year that they won any games in Pool B was 1992 (at that time it was contested between nations ranked 13th to 20th), defeating Japan, China and Yugoslavia.