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Corruption Concerns: EU Probing 11 Mln Levs Discrepancy in Bulgarian Tunnel Project

Corruption Concerns: EU Probing 11 Mln Levs Discrepancy in Bulgarian Tunnel Project

A report to the State Agency for National Security has brought to light the funneling of 11 million levs to shell companies. The main contractor in the project, local construction company GP Group, said it’s not a subject of any ongoing investigation.


Top 25 agricultural machinery dealers increase revenue by a third in 2022

Top 25 agricultural machinery dealers increase revenue by a third in 2022

All the importers in the top 25 have registered a profitable year



DSK, UniCredit Bulbank Plan to Distribute Over 1 Billion Levs in Dividends

DSK, UniCredit Bulbank Plan to Distribute Over 1 Billion Levs in Dividends

Most of the 3.4 billion levs (1.7 billion euro) profit reported by the banking sector for 2023 will be reinvested


Online Gambling Business’ Revenue Tops One Billion Levs

Online Gambling Business’ Revenue Tops One Billion Levs

Internet betting grew by 12% in 2023. Lower taxation of offline betting creates a new market niche.


DIY chains: another boom in sales

DIY chains: another boom in sales

Bulgaria’s top five retailers project further revenue growth in 2023 after a strong 2022


A challenging year ahead: Bulgarian IT sector faces uncertain times

A challenging year ahead: Bulgarian IT sector faces uncertain times

A decade and a half of steady growth in the software industry is now at a crossroads



Energy Summit 2024 will discuss the future of Bulgaria and the region

Energy Summit 2024 will discuss the future of Bulgaria and the region

The conference will bring many speakers from Europe and the energy business


Vivacom Takes Over Bulsatcom in Bulgaria's Largest Telecom Merger

Vivacom Takes Over Bulsatcom in Bulgaria's Largest Telecom Merger

The largest merger in Bulgaria's telecom industry has received swift approval from the regulator without any conditions, yet not without others’ protests


Industrial cooldown, slower business growth and less VAT collected: 2023 at a glance

Industrial cooldown, slower business growth and less VAT collected: 2023 at a glance

Global events hit the financial performance of public companies, shrink factory production and effectively cut down state revenue


Industrial Property Market in Bulgaria Faces Drop in Transactions Due to High Rental Prices

Industrial Property Market in Bulgaria Faces Drop in Transactions Due to High Rental Prices

The industrial property market froze in the middle of the year, but forecasts suggest a revival is on the horizon.


Turning low-carbon farming into a source of income

Turning low-carbon farming into a source of income

MEPs call on Brussels to figure out how to monetize the future certification scheme for farmers whose farms absorb carbon dioxide


Euphoria Fading on Bulgaria's Housing Market

Euphoria Fading on Bulgaria's Housing Market

After peaking in 2021-2022, transactions and, construction permits are now declining, and price growth is slowing down


Bulgaria’s Largest Textile Companies: Slight Recovery after Weak Years

Bulgaria’s Largest Textile Companies: Slight Recovery after Weak Years

In 2022, the combined revenue of the top 25 companies in the sector increased by 19%.


A Stormy Year in Agriculture

A Stormy Year in Agriculture

Nearly 80% of the 100 largest companies in the sector improved their financial results, but it's mostly inflation effect


Bulgarian agriculture sector posts hefty profits in 2022

Bulgarian agriculture sector posts hefty profits in 2022

The war in Ukraine propelled global prices higher and Bulgarian companies benefited from the rise


The week: Emperor Mihaylov lets Sofia burn

The week: Emperor Mihaylov lets Sofia burn

The 1989 of Bulgarian Football, Economy slows down, The ups&downs of Burgas



Bulgaria's Euro Ambitions: Tackling Inflation for Eurozone Entry

Bulgaria's Euro Ambitions: Tackling Inflation for Eurozone Entry

Bulgaria's government is targeting January 1, 2025, as the date for adopting the euro. A potential stumbling block could be the price stability criterion