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Inside Nexo: one of the biggest crypto-banks in the world
The Bulgarian company claims to run 10 billion dollars in assets. Such growth comes with challenges
Bulgarian banks’ Jan-July profit rises to 400 mln euro
Еarnings come from growing credit portfolio, higher income from fees on operations
The week: The problem with online banking, new players enter the political arena and 6 billion euros await
Dogan is nowhere to be found, trouble brews for Kristalina Georgieva
The week: Yet another saviour on the horizon, Fourth Covid wave is here and some good news for the budget
To party or not to party, that is Kiril Petkov’s question, (some) Covid restrictions, after all, and even more expensive electricity
The week: No EU money and other risks for Bulgaria, No new head of BNB (for now), and a whole new fascist to worry about
K Insights 27/08: Bulgaria’s risky autumn, where do we invest and Sofia is great in tech
The week: Is Bulgaria the limp pig of EU regulation, coal is (still) here, minimum wage surpasses Montenegro
Also: New Parliament is up, as well as the new 12 bn. Leva Plan
The lost decade of Bulgaria
The governments of Boyko Borissov promised reform, but instead created an apparatus for extortion and clientelism
Bulgarian banks weather stormy year in 2020
The financial sector got a reprieve for the coronavirus crisis but risks are yet to come in 2021
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
Bulgarian blue-chip stock index nears mid-March lows, TBS Group listing signals hope
Despite some early signs of improvement in Bulgaria’s main economic indicators in the third quarter, the biggest companies listed on the stock exchange in Sofia saw the outflow of investors continue.
Coronavirus puts pressure on Bulgarian banks
In the second quarter, banks’ profits plummeted due to higher provisions and declining interest and fee income
Outsourcing: The foreign sector
Service outsourcing companies have been growing at healthy double-digit rates for a decade but the coronavirus crisis is putting that model of development to the test
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
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
Bulgaria finally enters the euro’s waiting room
The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB