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The biggest companies in 2020: New model, new champion

The biggest companies in 2020: New model, new champion

Bulgaria’s biggest companies were only mildly hit by the coronavirus. Total revenue of the top 100 firms decreased by just 7% in 2020.



Gradus’ shares, the Sofia stock exchange, and pension funds

Gradus’ shares, the Sofia stock exchange, and pension funds

According to the Sofia-listed company’s prospectus for its 2018 IPO, revenues were much higher in 2017 than in any of the following three years. Seven pension funds are shareholders to this day.



The largest construction companies

The largest construction companies

In addition to paying, the state is now constructing as well


The loneliest summer

The loneliest summer

While small towns on the Bulgarian Black Sea coast enjoy the return of domestic tourists, large resorts traditionally relying on foreigner visitors look deserted


Bulgarian Stock Exchange: blue chips underperform broader market in H1

Bulgarian Stock Exchange: blue chips underperform broader market in H1

Investors find safe-haven in REITs


The office market: frozen in place

The office market: frozen in place

Post-coronavirus rules of the real estate game will probably become clearer this autumn


The last strong year

The last strong year

The revenues and profits of the largest companies in Bulgaria increased rapidly last year but the Covid-19 crisis has put an end to a decade of growth


Software and fintech: Code growth

Software and fintech: Code growth

In 2019, the top 20 companies saw a fresh two-digit increase in revenues; demand for specialists remained strong despite the pandemic


The real estate market in Sofia shows first signs of recession

The real estate market in Sofia shows first signs of recession

Sales increased in 2019 but, on average, prices stagnated


Crumbs on the investment market for business properties

Crumbs on the investment market for business properties

Inflated prices, low liquidity and the slowdown of the world economy have brought about a sharp decline of sales in Bulgaria


Sofia blue-chip stock index suffers bruising in August ahead of rebalancing

Sofia blue-chip stock index suffers bruising in August ahead of rebalancing

The SOFIX index, which tracks the 15 blue chips listed on the Bulgarian Stock Exchange, posted its biggest monthly decrease this year in August, losing 2.28% to a closing value of 567.45 points.


The Top 30 in the energy sector: Lingering defects

The Top 30 in the energy sector: Lingering defects

The biggest companies in the sector increased their revenue by over 1 billion levs in 2018


SOFIX remains lower YTD despite first monthly gain in 2019

SOFIX remains lower YTD despite first monthly gain in 2019

Investors find refuge in real estate investment trusts


Bulgaria’s residential market calms after years of growth

Bulgaria’s residential market calms after years of growth

Prices have stopped growing, as supply and demand have started to equalize


Good revenue growth, moderate profits

Good revenue growth, moderate profits

The TOP100 companies grew revenue by 9% in 2018


Cruel summer

Cruel summer

For the first time in years, fewer visitors will stay at Bulgarian seaside resorts


Is Bulgaria,s real estate market maturing or overheating?

Is Bulgaria,s real estate market maturing or overheating?

The growth in activity and prices has noticeably slowed but there are no indications of a drop