The week: The budget debacle, BETL sink, Schengen opens, GNR to play in Sofia

K Insights 13/12

State bets on 2.8% economic growth and lower wage increases in 2025

Public spending will underpin higher growth rates, private consumption will slow down

The day in 3 news: 2025 Draft Budget: A risky path forward; Threat to halt gas transit for Gazprom over debt; Proposed VAT changes for property sales

Day in 3 News: Parliament breaks deadlock, elects Natalia Kiselova as speaker; State bets on 2.8% growth, lower wage increase in 2025; 10% planned rise in social security contribution

The week: A map of industrial brilliance

Factory of the Year is Solvay, Bulgaria loses some European money, How to destroy a 2000-year-old Basilica

Day in 3 News: Natural disasters increase by 50% in 2023; Budget deficit contracts by 1.9%; Record electricity imports and prices in November

Bulgaria’s 2025 Budget: We Have a Problem

Instead of voting for more populism-driven spending, parliament has to consider unpopular measures to tighten state finances

The week: Schengen on the horizon

Good news, at last, The regional divide grows bigger, Bulgargaz is bankrupt

The day in 3 news: Mob storms Malkovich’s Sofia play; Mondi Group quits Bulgaria after fire; Spending cuts needed to keep 3% deficit

Day in 3 News: Vitosha factory site will be apartment complex; Labor market stagnates; End of year spending must be curbed for Eurozone goals

The day in 3 news: TSP is election top spender; GDP growth in 2023 was underwhelming; Fantastico expands in Sofia

A Scandinavian company is Sofia’s largest landlord

SEE Residential has six buildings with more than 200 apartments in the city center and plans to have 1000 by 2030

The day in 3 news: Danish firm is Sofia’s biggest private landlord; Era of cheap labor ends; Former Varna Mayor Portnih charged with fraud

Bulgaria’s 2025 Budget Faces Challenges with a Significant Expenditure Overrun

Budget revenues are growing at a much slower pace than expenditures, while EU funds remain elusive for now

The day in 3 news: Ted Bed aims to boost 2% SK market share; Sopharma eyes international portfolio; Mauritius offers residency to Bulgarian buyers

The week: Less hate, more business, We're finally connected to Greece, And Ruse is a real-estate outlier

The week: Rocket men or how we are sabotaging ourselves

5 bln. euros down the drain, A Bulgarian military drone, and Peevski's list is out

The day in 3 news: Schengen entry possible in October, EU aid for poor harvest, Bulgaria leads in police spending

The day in 3 news: GERB rejects foreign agents law; Q2 economic growth at 2%; French gas producer invests 100 million in factory

Day in 3 news: Budget deficit reaches 1 billion levs; No European commissioner nominated; 800 million wind park in Dobrich