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Bulgaria’s tax agency goes after big firms
Caretaker Finance Minister Assen Vassilev has said his team will look into the dealings of all firms that benefited significantly from public procurement and subsidies from the previous government
Digital startups get funding, BDB acquires stake in baby-shoe maker, Automotive sector expands near Plovdiv
Short business stories from the past month
Bulgaria’s new factories
Investment projects worth 1.3 billion levs were announced last year, up 500 million levs on 2018
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
Bulgaria’s Bright Side: When smart ideas turn into business
World makers & Business full of beans & Bulgarian pasta in Darlington
Farewell to wires
With labor costs rising, wire harness manufacturers are moving to cheaper destinations
TOP10 in metallurgy in Bulgaria: Metallurgy remains healthy amid global risks
Revenues in the sector continued growing in 2018, albeit at a slower pace
TOP40 in machines and equipment: Happy rally
The biggest companies in the sector continued growing in 2018, with total revenue exceeding 8 billion levs
Krumovgrad’s hill of gold
Bulgaria’s first mine since the end of communism starts operating with a $165 million investment by Canada’s Dundee Precious Metals
The biggest employers: People are needed, wages are rising
Exporters and retailers again hired most employees
The Hospitable Sporting Nation
Still living off its faded sports glory, Bulgaria now dreams of hosting European and World Cup football championships, instead of investing in the development of sports
Bulgaria’s new factories
Two-thirds of the largest investment projects are in Northern Bulgaria. The top investor is Germany
When Bulgaria is too expensive
The Canadian owner has ceased production at ALC’s plants over a labor shortage, higher wage costs and failure to get a price increase from BMW
Rumen Radev steps up his game
The Bulgarian head of state has grown bolder as he enters the third year of his term but he is still some way from launching a new political project
Meet the cities: The northern island
In spite of its infrastructure woes and the lack of large new investments, Varna remains a point of interest and a city full of subdued energy. It’s time to release that energy and support it.
Deals of 2018: Weak Season with Mostly Local Buyers
Ginka Varbakova, Ahmed Dogan, Brendo were the most active Bulgarians in the deals, as easterners replaced westerners