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The week: "Year Zero" for anti-corruption, new cabinet or new elections, the quick end of the Gemcorp memorandum
Captured state fights back, gas storage slowly fills up and a skyscraper that is not
What stands behind the arcane $1 billion investment memorandum with Gemcorp and IP3 funds?
Kapital Insights sheds light on the main points of the controversial memorandum signed by the two investment funds and the government
Illegal road repairs worth billions
A cross-ministerial probe found that much of the money paid for roadworks and maintenance has been illegally allocated
Money for RES for businesses’ own use
Commercial lenders and Bulgarian Development Bank (BDB) provide financing for solar power plants for businesses. Also, there is a funding program with 200 million levs in grants under the Recovery Plan
The real influence of Russia in Bulgaria, part 2: The real players
In the second article of a two-part series, KInsights explores how Putin’s war in Ukraine exposed that Bulgarian politics remains hostage to a powerful pro-Kremlin network holding key positions in the state
The electronics company Addit.tech received an investment of 555,000 euros
The company basically offers a way for renting mobile phones and other consumer equipment
The week: The gas is off, the fight is on, Petkov goes to Kiyv, and do you need that salary of yours
K Insights 29/04: legalizing the industrial hemp, are 100 diplomats too many?
The first Bulgarian unicorn
Payhawk, the fintech startup founded by Hristo Borissov and Boyko Karadzhov, was valued at 1 billion dollars after a new investment round led by US fund Lightspeed Venture Partners
The Coalition duel for the National Bank
In an attempt to thwart the election of TISP’s Lyubomir Karimanski for governor of BNB with the votes of the opposition, WCC nominated their parliamentary head Andrei Gyurov for the post
How big is the fintech sector in Bulgaria?
About 135 companies with over BGN 1.4 billion (EUR 715 million) in revenues are distributed in more than a dozen segments of the fintech industry
All plans for inflation and growth will be reconsidered: Finance minister Assen Vassilev
We have no signals that 2024 is not an achievable target date for the adoption of the euro, says the Deputy Prime Minister
Plovdiv: the favourite of investors and tourists
The second-largest Bulgarian city is among the leaders of two rankings – of best tourist destinations in Europe and of small cities most attractive to foreign investors
Bulgarian banks’ profit rises to 1.4 billion levs in 2021
Lower impairment costs, decreased contributions to guarantee funds and the credit moratorium boosted annual profit by 600 million levs
The Wolf and the trash: the saga about who will burn Bulgaria’s trash
The Minister of the Environment is the last barrier to the construction of a massive RDF-burning plant by one of Bulgaria’s most controversial businessmen
Bulgaria-based Teletek Electronics to move to its own plant by year’s end
The alarm system manufacturer is investing 25 mln levs (12.8 mln euro) in the project that will boost its capacity by 50%
Bulgarian banks’ Jan-Nov profit rises 53% y/y, still below 2019 level
The last 8 billion levs of loans under credit repayment moratorium return to regular servicing
If you can’t silence them, SLAPP them: a new wave of judicial attacks hits Bulgarian media
Court cases targeting critical journalists and publications intensify