A new survey by "Market Links" projects that six parties will enter parliament after the elections on October 2nd. According to the survey GERB ranks first with a lead of nearly 7% over We Continue the Change. Next in line after Kiril Petkov's party is DPS with 12.3%, followed by BSP on 9.9%, Revival on 8.7% and Democratic Bulgaria on 7.8%.
Revival leaves door open on Russian referendums
Revival's leader Kostadin Kostadinov does not rule out the possibility that his party could recognize the pseudo-referendums organized by the Kremlin's forces in the eastern Ukrainian regions of Kherson, Zaporizhzhya, Luhansk and Donetsk regarding joining Russia. Responding to a question during an interview on Nova TV, Kostadinov pointed out that Bulgaria had recognized similar referendums in the past. BSP has adopted a similar stance.
Finance ministry auction demonstrates weak investor interest in government securities
The provision of the remaining approximately EUR 1.7 billion leva in government debt by the end of the year, needed to cover maturities and the budget deficit, is becoming increasingly challenging due to deteriorating market conditions. At Monday's auction for a new issue of 5.5-year government securities, only 150 million leva worth of securities were bought even though the expected yield was 200 million leva.
Spas Rusev acquires Bulsatcom
Bulgaria's largest TV provider, Bulsatcom, will officially have a new owner after Spas Rusev's bid was selected by the company's creditors. The deal dragged on for more than a year after a challenge by the operator's founder and shareholder Plamen Genchev. According to market sources, the price is between 120 and 130 million. euro. This is not Spas Rusev's first investment in a telecom company. He is the founder of Telelink and was a shareholder in the Albanian telecom ONE, as well as in BTC.