| Competition: | B Group |
| Season: | 1994–95 |
| Winners: | Spartak Varna (North) Levski Kyustendil (South) |
| Promoted: | Spartak Varna Levski Kyustendil Rakovski Ruse |
| Relegated: | Botev Novi Pazar Svetkavitsa Dorostol Provadia Lesicheri Lokomotiv Vidin Preslav Akademik Svishtov Chernomorets Marek Metalik Sliven Nesebar Dimitrovgrad Pirin Gotse Delchev Rilski Sportist |
| Prevseason: | 1993–94 |
| Nextseason: | 1995–96 |
The 1994–95 B Group was the 39th season of the Bulgarian B Football Group, the second tier of the Bulgarian football league system.
A total of 32 teams contested the league: 16 in the North B Group and 16 in the South B Group. Spartak Varna finished top of the North Group and Levski Kyustendil finished top of the South Group. Rakovski Ruse were promoted through the play-off.[1]