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Journalists SLAPPed, threatened and pressured; cabinet purges "kalinki", while Left and Right gear up for elections
The troubles of being a journalist in Bulgaria, every final decision is penultimate and who are the ladybirds of the administration
Gifts to The Wolf from Borissov’s third cabinet
A concessionaire gets an allowance instead of a penalty, a hotel is speedily being constructed with no documents, and a firm with 150 mln levs in debt is sold for 100 levs
The dismantling of Borissov’s state has begun
The caretaker gov’t of Stefan Yanev is wasting little time in changing key cogs in the machine created by the previous authorities
From Saudi Arabia to Hawaii: a Bulgarian family business keeps on growing
IPS gets a 6.5 million levs investment from the state-owned development bank
The deals of 2020: Few and far between
The pandemic practically froze the M&A market. Buyers are still mostly local faces
Digital startups get funding, BDB acquires stake in baby-shoe maker, Automotive sector expands near Plovdiv
Short business stories from the past month
Coronavirus wipes out half of banks’ profit in 2020
Weak lending and COVID-19 measures are to blame. For a second year in a row, Bulgarian banks will skip dividend
Coronavirus puts pressure on Bulgarian banks
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
Bulgarian Development Bank’s New Leadership
A dubious loan stirred public uproar in April, leading to the quick dismissal of the bank’s management but the new team seems unlikely to fix the systemic problems at the state-owned lender
How the government bought a bank
The government has cleared the last hurdle on the path to the Eurozone’s waiting room by purchasing a 20% stake in the private lender for 140 million levs
Is State Capitalism Marching On?
Within a brief period, Bulgaria’s government has aggressively injected billions of levs into key sectors, and has effectively started nationalizing businesses
The Oligarchs' Coffer
The state-owned Bulgarian Development Bank has morphed from a small and medium-sized business aide to a lender of last resort for unstable and sometimes unsavory large companies
The strange new look of Bulgaria’s biggest business association
KRIB has become a quasi-state structure under the chairmanship of Kiril Domuschiev
When it walks like corruption, when it quacks like corruption
While the Bulgarian authorities appear to be cracking down on some allegedly corrupt officials and businessmen, oligarchic interests favored by those in power receive a significant economic boost
The Oligarchs’ Development Bank
The government is pressing ahead with turning Bulgarian Development Bank into a new milker for businesses politically well-connected
New managing body for Bulgarian Development Bank
The three new nominations are subjected to regulatory approval