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Expressions of a captured state

Expressions of a captured state

Three stories of how rules are applied unevenly in Bulgaria


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.


The Companies with lowest debt: The Pre-crisis Picture

The Companies with lowest debt: The Pre-crisis Picture

In total, the liabilities of the top 300 companies in terms of revenue in the country grew by over BGN 4.5 billion, reaching almost BGN 50 billion


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


Energize yourself

Energize yourself

All companies in Bulgaria will buy electricity from the energy exchange from now on


MRF Corporation

MRF Corporation

Launched as a party fighting for the political representation of Bulgaria’s ethnic Turks, the Movement for Rights and Freedoms has morphed into a quasi-business organization quietly pulling strings behind the scenes


No water to clean the garbage

No water to clean the garbage

Many Bulgarian towns live on water rationing and next to piles of imported waste because of intentional neglect by the authorities.


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


Fast Reads

Fast Reads


Good revenue growth, moderate profits

Good revenue growth, moderate profits

The TOP100 companies grew revenue by 9% in 2018


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


A year of record profits

A year of record profits

The profit of the top 100 companies was 35% higher compared to 2016.