The main news story today was ongoing disagreements over negotiations for a new government. Parties exchanged recriminations, calling into question whether a coalition between TISP, Democratic Bulgaria, and Stand Up, BG! is possible. Still, all is not lost (yet):
Negotiations still stand a chance
Yesterday, Democratic Bulgaria and Stand Up, BG! expressed concerns regarding the possible influence of the MRF on TISP and the composition of the possible future cabinet. Today, Slavi Trifonov's party sharply denied that they had any ties to the MRF and launched attacks against their potential future partners. Experts say that a coalition between the parties is still possible although the chances have diminished since the start of the week. This will likely be a developing situation over the weekend.
Innovation Capital is looking for FMCG startups
Sofia-based fund Innovation Capital is looking for startups in the fast-moving consumer goods (FMCG) business to join their accelerator XLRadar Consumer Goods. The fund manages 21.1 million euro - primarily public resources from the Fund of Funds. Startups joining the program will receive between 25 and 100 thousand euro in funding.
Aurubis replaces Lukoil as Bulgaria's biggest firm
Aurubis's copper mining plant in Pirdop was built over 60 years ago. In 2020, for the first time in modern corporate history, Aurubis became Bulgaria's largest company in terms of revenue, replacing the previous leader - Lukoil Neftochim Burgas.
More on the shift and what 2020 meant for the 100 biggest companies in Bulgaria (and everyone else) will be available in the 15th in a row annual ranking Capital 100, which will be released on July 30.