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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


Expressions of a captured state

Expressions of a captured state

Three stories of how rules are applied unevenly in Bulgaria


A post-COVID economy

A post-COVID economy

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


Who owns Bulgaria’s beaches?

Who owns Bulgaria’s beaches?

Beach concessions remain reserved territory for selected players - mainly people said to have been connected with mafia-style structures in the past and owners of big hotel chains


The loneliest summer

The loneliest summer

While small towns on the Bulgarian Black Sea coast enjoy the return of domestic tourists, large resorts traditionally relying on foreigner visitors look deserted


Borissov and the bottomless budget

Borissov and the bottomless budget

The government has opened its wallet, throwing money at COVID-19 in an attempt to cling to power and stave off protests


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.


Postponing the Fall

Postponing the Fall

How long will the Prime Minister Boyko Borissov dodge resigning after three months of protests and what comes next?


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


Six lessons from COVID 19

Six lessons from COVID 19

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


Bulgaria strikes at AirBnB, Booking.com

Bulgaria strikes at AirBnB, Booking.com

After unsuccessfully trying to shut down the lodging sharing service, the GERB-led coalition government imposes a small fee on apartment owners


Small, but still very profitable

Small, but still very profitable

The profitability of small and midsize businesses continued to grow, but the first signs of a slowdown have already appeared


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.


A budget to appeal to everyone

A budget to appeal to everyone

There is enough room for maneuvering in case of an economic downturn but reforms are nowhere in sight


The Burgas riddle

The Burgas riddle

The region finds it hard to expand beyond tourism despite its strong economic profile, good infrastructure and quality of life


A coastal city willing to grow

A coastal city willing to grow

Life is boiling in Burgas only during summer


Manufacturing is displacing retail at the top of Capital TOP100 ranking

Manufacturing is displacing retail at the top of Capital TOP100 ranking

As many as 10% of the companies in the 2008 ranking have disappeared since then but half of the remaining businesses are twice the size they were a decade ago