GERB's Sofia rule is over
GERB lost control of Sofia in yesterday's local elections. With nearly 65% of ballots processed in the capital, sociologists' data confirm that GERB candidate Anton Hekimyan came third - after Vassil Terziev from WCC-DB and the BSP's Vanya Grigorova. Terziev and Grigorova will now face a run-off next Sunday.
This is the first time in 18 years that GERB will not be governing the city. It also lost support in the Metropolitan Municipal Council, where the first political force is now WCC-DB. GERB now has half the number of councilors they had in the previous local parliament when they had 27.
GERB's losses continued elsewhere, as it will also have to fight for power in other key big cities such as Varna, Plovdiv and Blagoevgrad.
Business climate deteriorates across all sectors
Companies from almost all sectors claim that business conditions worsened in October, especially in retail.
Managers are becoming more reserved in their assessments of the state of enterprises, and companies as a whole continue to operate amid conditions of uncertainty and staff shortages, reports the NSI.
At the same time, inflation is gradually decreasing and most expectations are that this trend will continue. However, a significant number of companies expect further increases.
Cyrcl introduces electric bicycles
Sofia-based ride-sharing startup Cyrcl is introducing electric bicycles in a partnership with DSK Bank and MasterCard. The bike-sharing app launched in 2022 with 50 and then 100 bikes in the capital, but has only operated with regular bikes to date.
It is expected to launch services in Plovdiv and other major cities, but the timeline for such a move is yet to be determined.