A day after the 2 in 1 elections in Bulgaria, the final result is still not clear, but the election authorities are getting there. With 93.28 percent of votes counted, We Continue the Change (WCC) retains pole position (25.46 percent of the vote), while GERB remains second on 22.78 percent. MRF gets 13.17 percent, dominating the vote from abroad, where it takes more than 40 percent. Radical party Vazrazhdane gets 4.88 percent, becoming the seventh party in the next Parliament, while BSP, Democratic Bulgaria and TISP have lost about 30-40 percent of their vote since July.
Resignations thrown in DemBG, BSP and VMRO after Sunday vote
The leaders and most recognizable faces of two parties - Hristo Ivanov from Yes, Bulgaria, part of the Democratic Bulgaria Coalition and Krasimir Karakachanov, ex-Defense Minister and VMRO head, resigned after their factions worsened their result in the Parliamentary election.
Mr Ivanov, who was instrumental in forging the Democratic Bulgaria coalition, left alongside the election committee of his party as the coalition likely halved the number of votes it won from July (345,000 vs 147,000).
Mr Karakachanov, one of the longest serving party leaders in Bulgaria, also withdrew after his party won just over 1 percent of the vote. Members of BSP's electoral organ also resigned after the socialists lost more than 120,000 votes, with several high-ranking party members and the youth wing of the party demanding the withdrawal of leader Kornelia Ninova.
KBC plans to buy Raiffeisenbank - Bulgaria and merge it with UBB
Belgian financial group KBC, which owns the third largest Bulgarian lender United Bulgarian Bank (UBB), plans to purchase the sixth largest bank, Austrian-owned Raiffeisenbank Bulgaria and merge the two institutions. The consolidation deal will be worth 1.015 billion euro and is still pending the approval of the financial regulatory organs. The total assets controlled by UBB and Raiffeisenbank as of September 2021 amount to 12.3 billion euro. This would make the future bank the second largest lender in the country, between Unicredit Bulbank that controls 12.5 billion euro and DSK Bank with 12 billion euro.
Cargo drone startup Dronamics seeks 3 million euro from the Stock Exchange
Bulgarian cargo drone manufacturer Dronamics announced it is going public in order to support its business expansion plans. Next month, the company will float 5.3 million shares with a nominal value of BGN 1 each and an issue value of BGN 1.10 on the BEAM segment for small and medium-sized enterprises, the Bulgarian Stock Exchange announced in a statement on Monday.
The listing will be done through a new company - Dronamix Capital. Under the announced parameters of the offering, the company will seek almost the maximum volume it can take from this segment - 3 million euro. The company was launched seven years ago and is designing its own cargo drone, capable of delivering 350 kg loads over 2,500 km distance. Currently, the company expects to receive a cargo drone airline license.