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Demand for housing is on the rise
The housing market was active in the first quarter of the year, pushing property prices upwards
Bulgaria’s biggest fintech deals
Fintech companies’ strong growth draws interest from investors and VC funds
Coronavirus wipes out half of banks’ profit in 2020
Weak lending and COVID-19 measures are to blame. For a second year in a row, Bulgarian banks will skip dividend
The ghost of bad loans in a COVID-hit economy
Over 4.65 billion euro worth of loans have received a deferral under Bulgaria's credit moratorium by the end of August
Coronavirus puts pressure on Bulgarian banks
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
Mortgage lending did not bend to the pandemic
The overall property loan volume in Bulgaria grew in 2020 as demand remained high even during the pandemic
The pressure below surface
Bulgarian banks remained profitable in the first three quarters of 2020 despite the coronavirus impact but with the expiry of the credit moratorium drawing nearer pressure will likely increase on profit margins in the coming months
Bulgaria’s GDP: Nowhere to go but up
The sharpest economic drop on record was expected to be followed by a quick recovery. The third quarter is not looking so good though.
Bulgarian Development Bank’s New Leadership
A dubious loan stirred public uproar in April, leading to the quick dismissal of the bank’s management but the new team seems unlikely to fix the systemic problems at the state-owned lender
How the government bought a bank
The government has cleared the last hurdle on the path to the Eurozone’s waiting room by purchasing a 20% stake in the private lender for 140 million levs
Filling the gap
First Investment Bank (Fibank) prepares to smooth out wrinkles on its balance sheet found by ECB
The gambling war
The attack on gambling tycoon Vasil Bozhkov is yet another example of how politics and business in Bulgaria are intertwined
Bulgaria gliding on the waves of the economic cycle
The local economy continues to move in sync with European trends, while opportunities for reforms slowly dwindle
Economic outlook for Bulgaria remains (relatively) rosy
The chances of an impending recession are slim, the country’s forecast looks good compared to rising pessimism in Europe
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
The TOP 25 in the fuel sector: A year of infighting and scandals
A major restructuring is underway in the sector as new players seek a bigger share of the market
TOP 12 in arms industry: Slower growth
After a record-breaking 2017, manufacturers and traders reported a downturn. The sector’s profit fell by half in 2018 compared to the previous year
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
The best banks of 2018
UniCredit Bulbank returns to take the lead in K10, the annual ranking of the leading banks in Bulgaria by Capital newspaper, largely thanks to a dividend sweetener in its profit