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The week: A hostile takeover at MRF Corp.

The week: A hostile takeover at MRF Corp.

A thunder in the Saray, Seventh election looming and house prices exploding again


First Investment Bank up for sale - sources

First Investment Bank up for sale - sources

UniCredit Bulbank and Postbank vie to acquire Bulgaria’s fifth largest lender


Geshev officially enters politics, while War of Prosecution Succession wages

Geshev officially enters politics, while War of Prosecution Succession wages

Justice Minister, judges and NGOs protest against Borislav Sarafov’s appointment


What happened to Bulgaria’s largest builder?

What happened to Bulgaria’s largest builder?

Veliko Zhelev, the boss of infrastructure giant Hirdrostroy, was briefly arrested last week for harassing an employee. Is there more to this story than meets the eye?


Radev’s revenge, the looming deficit and a frog

Radev’s revenge, the looming deficit and a frog

Reality is back with a vengeance, GDP keeps growing, and our Real Estate report is out


What stands behind the arcane $1 billion investment memorandum with Gemcorp and IP3 funds?

What stands behind the arcane $1 billion investment memorandum with Gemcorp and IP3 funds?

Kapital Insights sheds light on the main points of the controversial memorandum signed by the two investment funds and the government


The week: Reform process stalled, EU warns of rising gov’t expenses, and a great week for business

The week: Reform process stalled, EU warns of rising gov’t expenses, and a great week for business

Can the coalition live up to its promises, DIY photovoltaics and good news for "Made in BG" cargo drones


The real influence of Russia in Bulgaria, part 2: The real players

The real influence of Russia in Bulgaria, part 2: The real players

In the second article of a two-part series, KInsights explores how Putin’s war in Ukraine exposed that Bulgarian politics remains hostage to a powerful pro-Kremlin network holding key positions in the state


The lost decade of Bulgaria

The lost decade of Bulgaria

The governments of Boyko Borissov promised reform, but instead created an apparatus for extortion and clientelism


The dark era of Bulgarian football

The dark era of Bulgarian football

Over the past 15 years, professional football has turned into a closed system of interests, mired in corruption scandals and deteriorating quality. This might be finally coming to an end.



Journalists SLAPPed, threatened and pressured; cabinet purges "kalinki", while Left and Right gear up for elections

Journalists SLAPPed, threatened and pressured; cabinet purges "kalinki", while Left and Right gear up for elections

The troubles of being a journalist in Bulgaria, every final decision is penultimate and who are the ladybirds of the administration



A toy war

A toy war

How one toy retailer got mixed-up in anti-government protests and received an uninvited buy-out offer


How the government bought a bank

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


Is State Capitalism Marching On?

Is State Capitalism Marching On?

Within a brief period, Bulgaria’s government has aggressively injected billions of levs into key sectors, and has effectively started nationalizing businesses


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


Seventeen moments of autumn

Seventeen moments of autumn

The recent spate of "spying scandals" involving Russian diplomats and the leader of Bulgaria’s National Russophile Movement Nickolay Malinov are more reminiscent of a bad Soviet-era joke rather than a real espionage drama


A new old gatekeeper of status quo

A new old gatekeeper of status quo

Ivan Geshev, a self-described "boy from the city’s suburbs", will become Bulgaria’s next prosecutor general in January. His selection will have dramatic implications for the rule of law


Witch hunter General

Witch hunter General

The selection of Ivan Geshev as the next Prosecutor General will likely go unopposed, triggering seven more wasted years on the anti-corruption front and even more blatant institutional abuse of power.