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The office market: Less rent, less construction

The office market: Less rent, less construction

Vacant office space in Sofia reached a five-year high of 13% in 2020


The deals of 2020: Few and far between

The deals of 2020: Few and far between

The pandemic practically froze the M&A market. Buyers are still mostly local faces


The curious case of Bulgarian consumption

The curious case of Bulgarian consumption

The central bank questioned the accuracy of the statistical office’s estimates of Bulgarian household spending in 2020


Wealthier, spending less and slowly recovering: the Bulgarian economy at the end of 2020

Wealthier, spending less and slowly recovering: the Bulgarian economy at the end of 2020

Unsurprisingly, GDP shrank in the fourth quarter. Wages were up, exports made a surprising comeback in December, and deflation will return for a while


Budget revenues rise even during the pandemic

Budget revenues rise even during the pandemic

Bulgaria’s budget gap widened in 2020 but the worst forecasts failed to materialize


Winter tourism’s ice age

Winter tourism’s ice age

The hotel industry is facing a season of uncertainty, with demand to depend on how the pandemic will develop


A post-COVID economy

A post-COVID economy

What comes after the ups and downs of the Bulgarian pandemic cycle in 2020


5G: learning to walk in Bulgaria

5G: learning to walk in Bulgaria

Bulgarian Telecomunications Company, operating under the Vivacom brand, has rolled out the first version of its 5G network - with limitations in both coverage and capacity


The pressure below surface

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


Corona-debt

Corona-debt

Bulgaria raised 2.5 billion euro through the sale of Eurobonds under favorable conditions in September. The question is what the GERB-led government coalition will do with the money


Bulgaria’s GDP: Nowhere to go but up

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.


Machines and equipment: Pre-crisis growth

Machines and equipment: Pre-crisis growth

Capacity expansion boosted Bulgarian companies’ revenues last year but the slump in global automotive production will hit 2020 results


The last strong year

The last strong year

The revenues and profits of the largest companies in Bulgaria increased rapidly last year but the Covid-19 crisis has put an end to a decade of growth


Economic growth slips

Economic growth slips

Bulgaria’s economic growth slows to six-year low of 2.4% in the first quarter of 2020. Timid signs of recovery can already be seen but it is still too early for optimism


Bulgaria revamps budget as coronavirus bites

Bulgaria revamps budget as coronavirus bites

The government has revised the 2020 budget to cope with the fiscal fallout from the coronavirus crisis


Six lessons from COVID 19

Six lessons from COVID 19

Bulgaria weathered the first part of the pandemic unexpectedly well but then started failing


Economic outlook for Bulgaria remains (relatively) rosy

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


Small, midsize and of ever increasing importance

Small, midsize and of ever increasing importance

For the first time, the yearly Gepard ranking of most dynamic small and midsize enterprises in Bulgaria by Capital comprises more than 2200 companies. They have increased their revenues by more than 30% in 2018.


Top 20 in agriculture: Good prices and a good crop

Top 20 in agriculture: Good prices and a good crop

The grain business thrived, as the good harvest and higher prices brought in more revenue.