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Most Dynamic: Grain, Manufacturing, Road Construction

Most Dynamic: Grain, Manufacturing, Road Construction

The revenues of the 50 fastest growing companies increased by an average of 56% in 2019, with the largest companies growing particularly fast.


Most Profitable Companies: A Flourishing Year

Most Profitable Companies: A Flourishing Year

As many as 60% of the most profitable companies improved their profitability rates in 2019


Borissov’s house of cards is shaking

Borissov’s house of cards is shaking

The Bulgarian prime minister is facing a public storm, leaking of secrets and a rampant prosecution service. This promises turbulence ahead for him and the country.


Sofia bourse closing another losing year

Sofia bourse closing another losing year

Doverie United Holding was the lonely bright star in the last quarter of 2019


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


Commission for Prohibition of Competition

Commission for Prohibition of Competition

Bulgaria’s competition authority is stretching merger control rules to prevent investors from acquiring key local companies.


Derailing fair play

Derailing fair play

Bulgaria’s competition watchdog turns away foreign investors yet again


State companies invest in order to give more money to Ahmed Dogan

State companies invest in order to give more money to Ahmed Dogan

Parliament endorses unlimited donations to political parties from individuals and businesses


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


Most Dynamic Companies: The Year of Construction

Most Dynamic Companies: The Year of Construction

The revenue of the fastest growing 50 companies in Bulgaria rose 66% yoy on average in 2018


Good revenue growth, moderate profits

Good revenue growth, moderate profits

The TOP100 companies grew revenue by 9% in 2018


Fast Reads

Fast Reads


Deals of 2018: Weak Season with Mostly Local Buyers

Deals of 2018: Weak Season with Mostly Local Buyers

Ginka Varbakova, Ahmed Dogan, Brendo were the most active Bulgarians in the deals, as easterners replaced westerners


Don’t panic: Investors are not leaving in droves

Don’t panic: Investors are not leaving in droves

Foreign direct investment has been decreasing for several years, but it has been partly substituted by local investors. The worrying trend is the overall decline in investment.