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The week: More than one storm brewing in the Black Sea, Brussels’ pressure and TurkStream revelations
Bulgaria, where natural catastrophes meet ungovernability

The week: How to revive the cities, 3 trends to follow, Varna’s polluted beaches
K Insights newsletter 01/09

Bulgaria's 2023 Budget: Salary Increases for Public Sector Workers
Following an 11-hour session, Parliament approved various new expenditures, focusing on salary hikes.

Build the damn roads. Build the damn railways. Do something, for Christ’s sake
Build the roads, search for gas in the sea, a Ukrainian hit-list and Lukoil is in for some trouble

Biodiesel maker Astra Bioplant tops fuel sector’s ranking
Long-time leader Lukoil Neftochim Burgas drops to fourth position

Fuel exports to Ukraine: neither secret, nor through Lukoil
Bulgaria sold a record volume of fuels to Ukraine in 2022

Will Lukoil continue dominating Bulgaria’s petrol market despite sanctions?
The war in Ukraine and the EU embargo on Russian oil won’t impact the giant’s hegemony

The week: Some good vibes for Christmas; Lukoil suddenly is very cooperative; The curious case of Bulsatcom
Last K Insights newsletter for 2022

The largest metal producers: Aurubis remains on top, steel producers grow the most
Appreciation of metals prices increased company earnings by 33% in 2021, but forecasts for 2022 are less optimistic

Schengen is shut, Bulgaria needs brain surgeon and which are the country’s biggest businesses
Gov’t mandate roulette kicks off, Boyko is the (old) Messi, K100 business ranking now in English

Russian-owned Lukoil will pay tax in Bulgaria - but with conditions
Lukoil's future in Bulgaria is uncertain, however, Bulgaria's oil dependence on Russia cannot be escaped easily

The Top 100 Bulgarian companies: Extreme growth
Capital Weekly’s 2022 ranking of the 100 largest companies in Bulgaria shows that giants’ earnings soared by 38% in 2021, with firms from the energy, fuels, grains and metals sectors at the helm

The week: the train problem, the Austrian surprise and the Russian oil
Trains, cities, and Elon Musk in the Northwest

The week: Weapons promises, foreign agents and budget in the red
Guns for Ukraine - it’s official, sort of; Still no government in sight, a nuclear reactor is shut off

Will the caretaker gov’t start a U-turn on Russia?
On its second day in office, the new Bulgarian cabinet announced a course towards "containment of the chaos and destruction" in the energy sector. This might well translate as a pivot to Moscow

KInsights' Energy Report: Dashboard
Four graphs that show the long-term trends in the Bulgarian energy sector

Bulgaria: More dependent on Russian oil
While diversifying gas supplies is difficult, but feasible task for the state, the same cannot be said about Bulgaria’s reliance on crude oil from Russia

Bulgaria can manage without Russian gas, but will have to pay up for it
Gazprom halts gas deliveries to Bulgaria, which is almost 100% dependent on imports from Russia. Imports from Romania and Greece can substitute it, but at a cost

Black Sea gets more expensive and more Russian
The northern part of the Black Sea has practically lost its access to maritime transport as the Russian war on Ukraine has increased insurance costs