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The week: What a pyrolysis installation in Plovdiv teaches us about trust and business

The week: What a pyrolysis installation in Plovdiv teaches us about trust and business

Corruption is bad for business, Tony Blair is here to help and NATO steps in for the infrastructure




The week: No, Bulgaria is not bankrupt - just dangerously populist

The week: No, Bulgaria is not bankrupt - just dangerously populist

Money, guns and bloody populism (+ a really good book)


What happened to Bulgaria’s largest builder?

What happened to Bulgaria’s largest builder?

Veliko Zhelev, the boss of infrastructure giant Hirdrostroy, was briefly arrested last week for harassing an employee. Is there more to this story than meets the eye?



What stands behind the arcane $1 billion investment memorandum with Gemcorp and IP3 funds?

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


The real influence of Russia in Bulgaria, part 2: The real players

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



A slap from across the ocean: US sanctions Delyan Peevski, Vasil Bozhkov, and Ilko Zhelyazkov

A slap from across the ocean: US sanctions Delyan Peevski, Vasil Bozhkov, and Ilko Zhelyazkov

These actions represent the largest single act of sanctions in the history of the Magnitsky Act, targeting these three individuals and their networks encompassing 64 enterprises for "significant corruption"


The lost decade of Bulgaria

The lost decade of Bulgaria

The governments of Boyko Borissov promised reform, but instead created an apparatus for extortion and clientelism


The dark era of Bulgarian football

The dark era of Bulgarian football

Over the past 15 years, professional football has turned into a closed system of interests, mired in corruption scandals and deteriorating quality. This might be finally coming to an end.



Seven days that shook Bulgaria

Seven days that shook Bulgaria

How a rubber boat landing on a Burgas beach caused a chain of events that led to protests across Bulgaria


MRF Corporation

MRF Corporation

Launched as a party fighting for the political representation of Bulgaria’s ethnic Turks, the Movement for Rights and Freedoms has morphed into a quasi-business organization quietly pulling strings behind the scenes


Seventeen moments of autumn

Seventeen moments of autumn

The recent spate of "spying scandals" involving Russian diplomats and the leader of Bulgaria’s National Russophile Movement Nickolay Malinov are more reminiscent of a bad Soviet-era joke rather than a real espionage drama


Brussels abandons push for reforms in Bulgaria’s justice system

Brussels abandons push for reforms in Bulgaria’s justice system

The European Commission decided that 13 years of tutoring without progress are enough