Bulgaria imports electricity from Greece
Bulgaria had to import 300 mWh of electricity from Greece on Monday. An additional 250 mWh came from Turkey, as well as further supply from North Macedonia, 140 mWh. Usually these are countries to which Bulgaria exports electricity and thereby profits.Since Saturday, the Kozloduy NPP has been operating with 50% reduced power, after the 6th unit went into emergency repair for an indefinite period. Repairs are also underway in one of the blocks of the state thermal power plant Maritsa-East 2.
This makes Bulgaria a net importer of electricity. This is not a problem, since cheaper energy is imported instead of activating reserve capacities. But if the weather continues to be cold, which is forecast for the next few days, the situation could get complicated.
Metalworking companies grew rapidly in 2021
The country's metalworking companies reported a rapid increase in sales in 2021. The revenues of the 20 fastest growing companies in the sector grew by an average of 80%, significantly exceeding the 63% recorded the previous year.
Although part of the growth is due to inflationary factors and increased product prices, businesses are also increasing their volumes of production. Not a single company in the top 20 is losing money, and their total profit more than doubled. There is also an increase in employees. Supply chains remain a major problem, but companies are looking for solutions with longer-term orders. And most expect to see growth this year as well.
Bulgarian-founded Tapline attracts 31.7 million euros
The digital finance platform Tapline, which gives young SaaS companies seed capital in exchange for their future sales, has attracted a 31.7 million euro investment in an early seed round.
The financing includes 30 million euros in debt financing from the Fasanara Capital fund and 1.7 million euros in equity capital. The Bulgarian fund Impetus Capital also participates in the round, entering it with 100 thousand euros.