The day in 3 news: Building boss Veliko Zhelev is held; WCC-DB retains wafer-thin poll lead; DZI wants out of insurance business

KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK

The deals of 2020: Few and far between

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

Digital startups get funding, BDB acquires stake in baby-shoe maker, Automotive sector expands near Plovdiv

Short business stories from the past month

KBC expanding into Bulgaria’s pension insurance market

The Belgian group is acquiring Dutch-based NN’s Bulgarian businesses for 77.7 mln euro

The day in 3 news: Economic outlook brightens, KBC expands in Bulgaria, competition administration stays another 2 years

Demand for business properties drops

The lack of high quality projects and rising prices cited as the principal reasons

More and more united

Belgium’s KBC acquires UBB, the fourth-largest lender in Bulgaria, for 610 million euro in the biggest bank merger in the southeast European country