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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 pandemic practically froze the M&A market. Buyers are still mostly local faces
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
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
Bulgaria’s budget gap widened in 2020 but the worst forecasts failed to materialize
Winter tourism’s ice age
The hotel industry is facing a season of uncertainty, with demand to depend on how the pandemic will develop
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
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
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
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
Capacity expansion boosted Bulgarian companies’ revenues last year but the slump in global automotive production will hit 2020 results
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
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
The government has revised the 2020 budget to cope with the fiscal fallout from the coronavirus crisis
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
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
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
The grain business thrived, as the good harvest and higher prices brought in more revenue.