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The week: The worst-case post-election scenario, a sock company leaves, Bulgarian football rulers refuse to
K Insights newsletter 30/04
Kastamonu Bulgaria to invest 150 million levs in tripling particle board production
The first part of the project, which will provide a key raw material for the plant, sparked protests among locals and was suspended by the environment minister
The week: No, Bulgaria is not bankrupt - just dangerously populist
Money, guns and bloody populism (+ a really good book)
Will the European Commission ban rose oil? Not really
A planned regulation on essential oils in the EU revived unjustified fears of yet another "European conspiracy" against a sensitive Bulgarian product
WITTE Automotive Bulgaria to double production in Ruse
The company will invest 25 million euro in a new factory, which will open in the middle of 2024
The largest machinery and equipment companies: Back on the growth track
The leading 45 companies in the sector recorded revenue growth of 23.5%, reaching 10.9 billion levs.
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
Milara to deliver 500 commercial e-vehicles to USA by year’s end
The Plovdiv-based industrial robot manufacturer will focus on Sevic 500 development
Hitachi Energy invests 20 million BGN in expansion of Sevlievo plant
The Japanese group manufactures high-voltage components and has 800 employees in Bulgaria
How Bulgarian economy grew 3.4% more last year without national statistics noticing
GDP growth for 2021 was 7.6% and not 4.2%, the NSI acknowledges silently almost a year after
Belgian company buys Suite hotel in Sofia to make a hub for working nomads
The owner of Melexis Bulgaria, Duchatelet, and his trusted football manager Catherine Mer bought the Suite hotel, located in Sofia’s Studentski Grad district.
Chaira Pumped Storage Hydro Power Plant: the long story behind an accident
The plant is the largest pumped storage facility in the region
Business with a cause: the sole nitrile-glove manufacturer in Europe
Who are the people behind PPS Manufacturing and what are their beliefs
The Bulgarian unit of Belgium’s Televic to triple production of communications systems
The company will invest 10 million levs in a new plant and add circuit board assembly to its line of business
Bulgarian emigrant to build armored vehicle plant in Burgas
Awaiting the start of modernization of Bulgarian Land Forces, Anton Stefov’s IAG plans production in the country
Greek-Spanish Etem Gestamp to invest 60 million euro to expand capacity of Sofia plant
The partners will manufacture aluminum elements for Porsche e-vehicles
Blockchain tourists
The Bulgarian company LockTrip raised a 4.1 million dollars investment from Australian tourism giant Webjet
The week: Borissov arrested, Central Bank chairmanship tears the coalition, Resilience Plan still not ok
Former PM Borissov arrested, Guerilla war over BNB shakes the coalition and the Plan is still NOT alright
Sweden’s Ewellix chooses Sofia for center of European operations
The company preferred Bulgaria to Poland, the Czech Republic and Romania
Bulgaria-based Teletek Electronics to move to its own plant by year’s end
The alarm system manufacturer is investing 25 mln levs (12.8 mln euro) in the project that will boost its capacity by 50%