The day in 3 news: Agropolychim buys stake in rival Neochim; ESG reporting deadlines delayed; Bulgarian TV producers pitch for film success

Агрополихим

The day in 3 news: Agropolychim buys stake in rival Neochim; ESG reporting deadlines delayed; Bulgarian TV producers pitch for film success

Агрополихим

© Агрополихим


Agropolychim buys minority stake in chemical producer Neochim

Rea Ventures recently acquired 20.3% of organic chemical producer Neochim through Czech-based Agrofert's Bulgarian subsidiary Feboran, bringing its total stake to 24.03% when combined with a minority share purchased on the Bulgarian Stock Exchange. This strategic move, approved by the Competition Protection Commission in December, aims to position Neochim more competitively in an evolving market where carbon efficiency is crucial.

The decision by Neochim's competitor Agropolychim, via subsidiary Rea Ventures, to acquire a stake in the Dimitrovgrad factory may seem surprising but is driven by plans to provide technological expertise and emissions-reduction solutions.

Environmental welfare not a priority for new govt

Following nearly four years of political instability, one of the first urgent issues addressed after the formation of Bulgaria's new coalition government was the postponement of Environmental, Social and Governance reporting requirements for large businesses. But proposed amendments, submitted by MPs from GERB, ITN, BSP, and PP-DB, aim to delay the deadlines for filing sustainability reports under Bulgaria's Accounting Act by one year.

Originally introduced to align with the EU's Corporate Sustainability Reporting Directive (CSRD), the new rules require large enterprises to disclose their environmental, social, and governance practices. If the amendments pass, the first group of companies, including those with over 500 employees, will begin reporting in 2026 for 2025 activities, while subsequent groups will face staggered timelines extending into 2027.

From TV to silver screen

Bulgarian producers Ivan Hristov and Andrey Arnaudov have thrived on the small screen for over two decades, continuously adapting their work to match evolving viewer preferences.

Their production company, Mezhdinna Stantsia, has delivered iconic projects like Music Idol, The Farm, and the 2024 box-office hit Gundi - A Legend of Love, which grossed nearly 9 million levs. Now shifting focus to cinema, the duo is developing a feature film about famous Bulgarian singer and composer Emil Dimitrov while restructuring their company to include a communications agency and creating content for digital platforms, including their YouTube videocast Ivan and Andrey Unofficial.

Agropolychim buys minority stake in chemical producer Neochim

Rea Ventures recently acquired 20.3% of organic chemical producer Neochim through Czech-based Agrofert's Bulgarian subsidiary Feboran, bringing its total stake to 24.03% when combined with a minority share purchased on the Bulgarian Stock Exchange. This strategic move, approved by the Competition Protection Commission in December, aims to position Neochim more competitively in an evolving market where carbon efficiency is crucial.

By using this site you agree to the use of cookies to improve the experience, customize content and ads, and analyze traffic. See our cookie policy and privacy policy. OK