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Is State Capitalism Marching On?

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


Fast Reads

Fast Reads


Fibank trying to pass ECB’s bar

Fibank trying to pass ECB’s bar

Accrued loan impairment added up to over 65 million levs following the ECB's comprehensive assessment


Bulgaria’s biggest companies post slower sales growth than regional peers in 2018

Bulgaria’s biggest companies post slower sales growth than regional peers in 2018

Oil refinery Lukoil Neftochim Burgas second biggest loser in Southeast Europe


How much has Dr. Ruja pocketed?

How much has Dr. Ruja pocketed?

Until the fall of 2016 the OneCoin scheme earned 3.3 billion euro with a profit of 2 billion euro


Budget misspending

Budget misspending

Reform of public spending in a changing global environment


ECB’s test: who failed and who passed

ECB’s test: who failed and who passed

Four Bulgarian banks passed the European Central Bank’s comprehensive assessment, whereas Fibank and Investbank face capital shortfalls


Storm clouds gather over Europe's economy

Storm clouds gather over Europe's economy

Bulgaria’s economic growth slows to 3.3% in the second quarter of 2019, in line with the general European trend


The Oligarchs' Coffer

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


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


What should Bulgaria expect from the euro?

What should Bulgaria expect from the euro?

It is now clear that euro zone membership has improved the economic performance of new member states


When it walks like corruption, when it quacks like corruption

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


Banks pass new milestone

Banks pass new milestone

The banking sector is in good shape, breaking asset and profit records with the help of one-off events, mid-year data show


Gradus stirs the Bulgarian Stock Exchange

Gradus stirs the Bulgarian Stock Exchange

Investors hope that the IPO of Bulgarian egg and poultry producer could be a wake-up call for the somnolent domestic stock market


The best banks in Bulgaria in 2017

The best banks in Bulgaria in 2017

DSK Bank returns to the top spot


Bulgaria's media-industrial complex

Bulgaria's media-industrial complex

Bulgarian politicians helped create Delyan Peevski’s media empire, but now fall prey to its unrestrained influence and his demands


Pension funds keep investing in related parties

Pension funds keep investing in related parties

Despite legislation against such practices adopted in 2017 they continue uninterrupted


Who bought Municipal Bank?

Who bought Municipal Bank?

The broad political support for the deal coupled with doubts about the identity of the real buyer raises fears that Municipal Bank may suffer the fate of collapsed Corpbank