TED Bed's Asian expansion
Plovdiv-based mattress manufacturer TED Bed plans to expand its presence in South Korea, aiming for a 10% market share within the next three years through a 300,000 euro investment. The company has operated in South Korea since 2010, holding a 2% market share, and now plans to establish its own office there to better control distribution and sales channels.
TED Bed is also introducing AI technology to its stores, allowing customers to find the ideal mattress through a dynamic 3D analysis of body pressure, enhancing the shopping experience. Additionally, the company has invested in green initiatives, including a solar power plant and waste-reducing technologies, which help compress mattresses for efficient transport.
Sopharma grows medicinal portfolio
Bulgarian pharmaceutical company Sopharma has initiated a deal to acquire a portfolio of 14 medications, which hold 68 approvals across 10 European markets. The deal, financed through a combination of company funds and bank loans, will be completed in several stages, though the price remains undisclosed.
The acquired products include treatments for cardiovascular, viral, hormonal, urological, and gynecological conditions. Sopharma, one of Bulgaria's top pharmaceutical firms, has seen strong growth, with a 14.45% increase in sales last year, and continues to expand its portfolio through acquisitions.
The deal comes off the start of Sopharma's international expansion as they opened their first location in Belgrade, Serbia.
Property ladder now open: From Bulgaria to Mauritius
Mauritius is offering permanent residency to investors who spend $375,000 on real estate, and the island's property market is now more accessible to Bulgarians, as revealed at a press conference by Unique Estates and their partner Park Lane Properties.
Fewer than five Bulgarians have invested in real estate there so far, however the island was visited by more than 5,000 Bulgarian nationals in the last year. Mauritius is seen as a dynamic investment destination with a growing economy, boasting a 6.8% GDP growth in 2023 and attractive tax policies, including no taxes on capital gains or inheritance. Central and Eastern European buyers, particularly from countries like Romania, Poland, and Bulgaria, are increasingly active in the market.
TED Bed's Asian expansion
Plovdiv-based mattress manufacturer TED Bed plans to expand its presence in South Korea, aiming for a 10% market share within the next three years through a 300,000 euro investment. The company has operated in South Korea since 2010, holding a 2% market share, and now plans to establish its own office there to better control distribution and sales channels.
