He was born on 14 October 1954 in Vladičin Han, SR Serbia, SFR Yugoslavia.

He graduated from the University of Novi Sad Faculty of Law and later earned a PhD at the same institution.

He headed the branch office in Beijing from 1994-2000, and held the position of Livnica Kikinda general manager from 2002-2004.

In 2014 Bubalo was a victim of and populist Anti-Corruption battle initiated by A. Vucic.

A trial in relation with the sale of state owned shares in Luka Beograd started in July 2014.